Trust and estate planning is the process used to arrange for the protection of your assets from lawsuits, government agencies, and medical providers, including Medicare and Medicaid. In addition, it allows you to provide for your loved ones in the future. Estate planning can involve drafting wills, healthcare proxies, durable powers of attorney, and other documents, as well as setting up trusts, developing gift and estate tax strategies, and a variety of other methods.
Trust and estate planning is a highly individualized process, and Almagno Law can help ensure that all of your and your family’s needs are met. We work closely with each client to devise a plan that works for their personal and financial situation, no matter what stage of life they are in. Let us help arrange for your and your family’s future, so you can relax knowing all of your assets are protected and your loved ones will be well taken care of.
Our firm has been practicing law in Rhode Island, Massachusetts, and New York for almost ten years. During that period we have successfully represented hundreds of clients in cases involving personal injury, workers comp, criminal defense, civil litigation, business law, and other areas of practice.
When you are faced with the toughest legal and emotional circumstances of your life, we will be there for you. Like everyone else who has hired us, you can rely on our expertise, compassion, and dedication.
We will devote ourselves fully to your case. Our work doesn’t end until your legal issue is resolved successfully, and we’ll be with you every step of the way until that happens. Our dedication to our clients is reflected in our strong work ethic.
To assist you in setting up a trust, a trust lawyer is needed who can provide meaningful legal help to the trustee, the person who is in charge managing the trust. The trust attorney’s tasks also include drafting documents intended for the protection of the assets against lawsuits and taxes.
The trustee is the legal owner of the property in trust, as fiduciary for the beneficiary or beneficiaries who is/are the equitable owner(s) of the trust property. Trustees thus have a fiduciary duty to manage the trust to the benefit of the equitable owners.
To this end the law has imposed on executors and trustees a duty to account beneficiaries. … A beneficiary entitled to an interest in remainder in an estate has a right to access all information about the estate and has a right to see estate documents as it is information about that beneficiary’s own property.