Trusts and Estate Planning

Trusts and Estate Planning

Estate Planning

To avoid probate complications for your loved ones in the future, our attorneys can help you create a strategic estate plan, our services include:

❖ Trusts: Drafting and preparation of trust agreements for domestic and international clients, including: revocable living trusts, irrevocable trusts, intentionally defective grantor trusts, life insurance trusts, gun trusts and pet trusts, as well as certifications of existing trusts.

❖ Asset Protection Structures: We assist clients in developing asset protection strategies in order to safeguard their assets and minimize tax liabilities through various estate planning trusts and techniques.

❖ Advanced Directives: Preparation of ancillary estate planning documentation such as last will and testament, durable power of attorney, living wills, pour over will, designation of healthcare surrogate, declaration of preneed guardian, nomination of guardian for minor children, power of attorney for the care of minor children, and designation of health care surrogate for minor children.

❖ Funding Trusts: Assistance in the funding and transfer of assets to existing trusts and in reorganizations of asset ownership structures for estate planning purposes.

❖ Beneficiary Advice: We provide guidance to the respective beneficiaries after the client passes away, including:

• • (i) Notifications: We provide guidance on the immediate steps to take after the death of a loved one, notifying relevant parties such as financial institutions, government agencies, and beneficiaries.
  • (ii) Asset Inventory: We assist in compiling an inventory of the decedent’s assets and liabilities, ensuring a comprehensive understanding of the estate’s value.
  • (iii) Probate Initiation: Our team helps initiate the probate process by filing necessary documents with the court and obtaining letters of administration.

The goal of Escobar Legal P.A. is to help you develop a strategy that will allow you to avoid the troublesome complications that may be caused to the family of the decent if it does not have adequate planning of the estate.