Wills, Powers of Attorney, and Representation Agreements for Healthcare
We are familiar with the full range of estate documents and tools that an individual may hold, and we are able to efficiently administer estates, guide families through the probate process and resolve complex disputes over any of the following documents:
- Family trusts
- Inter vivos trusts
- Alter ego trusts
- Powers of Attorney
- Enduring powers of attorney
- Advanced care directives
- Representation Agreements
Numerous conflicts can arise during the administration of an estate that can result in litigation, including disputes among beneficiaries and family members over the validity of a will, issues involving capacity and undue influence, and the improper disinheritance of a family member.
Family trusts are powerful tools that may allow an individual to retain control of corporate shares and other assets, while taking advantage of significant tax benefits for children and younger family members who are future beneficiaries. Goodwin & Mark LLP recognizes family trusts as practical, effective estate planning options that can save families a significant amount of money and help them avoid future disputes and estate litigation.
Estate Planning Through a Family Trust
Family trusts are popular options for families largely due to their flexible nature. These unique tools are highly customizable and can be created based on the specific needs of a family. At Goodwin & Mark LLP, we often work with our clients’ accountants to develop family trusts that minimize taxes and set up families for future success.
Families choose family trusts for many reasons and uses, including:
- To reduce taxes through income splitting
- To avoid a will dispute and estate litigation
- To avoiding probate proceedings and fees
- To protect investments for family members who are incapacitated
- To save money for children’s education
- To plan for family business succession, including tax planning
At Goodwin & Mark LLP, we are experienced in drafting and administering family trusts. Our lawyers can assist you from the initial creation of a family trust to the final distribution, termination or winding up of the trust.