We invite you to explore how trusts can work for you.
Call Tarrant & Liska, PLLC, at (651) 699-5472 to schedule an appointment.
Consideration of the use of trusts in your estate plan is a must. There are a variety of trusts that could benefit you and your beneficiaries. Trusts can be established through your will (testamentary trusts) or set up during your lifetime (inter vivos trusts).
Trusts give you control over the management and transfer of assets during your life or dictate what happens with your assets after your death, including:
Advantages of trusts also include greater protection of assets, estate tax reductions and avoidance of probate.
We invite you to explore how trusts can work for you.
Call Tarrant & Liska, PLLC, at (651) 699-5472 to schedule an appointment.
Careful analysis and planning are essential to implementing the strategy that is best for your particular situation. We have the expertise to tailor a strategy that accomplishes your goals in the present and the long term.
Trusts are very flexible devices and have many other options, tax implications and requirements that you should discuss with an experienced lawyer.
Tarrant & Liska, P.L.L.C., is committed to personal and attentive service to each client. We take the time to understand your needs and goals. Our St. Paul trust attorneys have extensive experience helping clients throughout Minnesota create trusts to protect family members, safeguard assets intended for certain individuals exclusively, create tax efficiencies and ensure proper transfer of real estate holdings.
A trustee is a fiduciary and is held to a high standard of care and diligence. Trustees have control over the trust assets but the assets do not belong to them. The trustees have to keep the focus on the needs of the beneficiaries of the trust and cannot use the money for their own benefit. The trustees have to periodically account to the beneficiary for how assets in the trust are being spent and invested. Beneficiaries have the right to challenge how the assets are being spent or invested.
We can help trustees in properly administering the trust, and we can help the trustees if problems arise. We can also help beneficiaries in knowing and enforcing their rights.
Trusts can be challenged by any family member or beneficiary, so it is critical to ensure that your trusts are drafted and established by proper legal documentation with a trustworthy estate planning attorney. Our trust attorneys represent trustees, grantors, surviving spouses and beneficiaries in a range of matters, including:
We are responsive, and we ensure close personal guidance, representation and contact with an attorney throughout the legal process. Our trust attorneys offer an initial half-hour consultation. Contact us by email or call us at (651) 699-5472 (toll-free at 888-342-2493).
Evening and weekend meetings are available upon request. Our offices are conveniently located on Concordia Avenue, just off Snelling, but we travel to meet with clients, if requested. Payment plans can be arranged and Visa and Mastercard are welcome.
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