Irrevocable trusts are powerful tools for asset protection, tax planning, and ensuring your wealth is managed according to your wishes. At LMB Partners, we specialize in creating and managing irrevocable trusts tailored to meet your specific needs and goals. Our experienced attorneys provide comprehensive services to help you secure your legacy and provide for your loved ones.

Our Services

Trust Formation

Creating an irrevocable trust involves careful planning and execution. Our services include:

• Initial Consultation: Understanding your unique financial situation and long-term objectives.

• Drafting Trust Documents: Crafting detailed and customized trust documents that reflect your wishes and comply with legal requirements.

• Trust Funding: Assisting in the transfer of assets into the trust to ensure proper funding and legal protection.

Types of Irrevocable Trusts

We offer expertise in various types of irrevocable trusts, including:

• Irrevocable Life Insurance Trusts (ILITs): Managing life insurance policies to provide tax benefits and ensure the proceeds are used according to your wishes.

• Charitable Remainder Trusts (CRTs): Establishing trusts that provide income to beneficiaries for a specified period, with the remainder going to a designated charity.

• Special Needs Trusts: Creating trusts that ensure the financial well-being of a loved one with special needs without affecting  their eligibility for government benefits.

• Asset Protection Trusts: Designing trusts that protect your assets from creditors and legal claims.

Trust Administration

Proper administration is crucial for the effective management of an irrevocable trust. Our services include:

• Trustee Services: Serving as a trustee or advising trustees on their fiduciary responsibilities.

• Asset Management: Assisting in the management and investment of trust assets to ensure they are preserved and grown according to the trust’s terms.

• Beneficiary Distributions: Overseeing the distribution of assets to beneficiaries in accordance with the trust’s instructions.

Estate Planning Integration

Integrating irrevocable trusts into your overall estate plan can provide comprehensive protection and management of your assets. Our services include:

• Comprehensive Estate Planning: Developing a holistic estate plan that includes wills, trusts, and other legal instruments to meet your long-term goals.

• Tax Planning: Advising on strategies to minimize estate and gift taxes through the use of irrevocable trusts and other planning techniques.

• Succession Planning: Ensuring a smooth transition of business interests and other assets to the next generation.

Trust Litigation

Disputes involving irrevocable trusts can arise and require skilled legal representation. We handle:

• Trust Disputes: Representing beneficiaries, trustees, and other interested parties in disputes over the interpretation or administration of trusts.

• Breach of Fiduciary Duty: Addressing claims against trustees for alleged breaches of their fiduciary duties.

• Modification and Termination: Assisting with the legal  processes involved in modifying or terminating trusts when circumstances change.

Why Choose Us?

• Expertise and Experience: Our attorneys have extensive experience in trust law, providing insightful and effective legal solutions.

• Personalized Service: We take the time to understand your individual needs and craft customized trust arrangements that reflect your specific circumstances and goals.

• Proactive Approach: We offer proactive advice and planning to help you make informed decisions and avoid potential issues.

• Client-Centered Service: Your success and satisfaction are our top priorities. We provide clear communication, responsive support, and dedicated representation throughout the trust process.

Contact Us

For expert assistance in creating, managing, or litigating irrevocable trusts, LMB Partners is here to help. Contact us today to schedule a consultation and learn how we can support your goals and protect your legacy.