Wills And Trusts
Establishing an estate plan involves important legal and financial considerations. Whether you are creating a simple estate plan or have highly complex financial or family factors to consider, it is critical to work with an experienced lawyer you can trust.
At Shams Law Firm, P.A., we help clients in Winter Park, Orlando and the surrounding Florida areas create comprehensive estate plans. With more than 60 years of combined legal experience, our estate planning lawyers will work with you personally to determine your individual estate planning needs and help you create an estate plan that will work for you.
Representing Clients In Complex Estate Planning Matters
There are two main factors that can complicate any estate plan: complicated family structures involving second marriages, mixed families and other unique relationships, and significant amounts of family wealth to pass on in the estate plan. In high net worth estate planning, transferring wealth in an organized fashion and managing the details of how assets are transferred can present significant challenges.
At Shams Law Firm, P.A., we can help you create a strategic estate plan. The will is the centerpiece of an estate plan that provides general direction for the transfer of assets and naming of an executor.
For the more complicated aspects of your estate plan, there are various trusts available to provide more control over the details of the transfer while minimizing gift tax penalties.
We can help you explore a number of different trust options, including:
- Living (revocable) trusts and irrevocable trusts: There are various tax implications and degrees of control over the asset transfer depending on whether you use a revocable or irrevocable trust. Attorney Maurice “Mo” Shams is a tax expert with an LL.M. in taxation law. We use our knowledge and experience to provide clients with sound counsel regarding their choice of trust instruments.
- Special needs trusts: A special needs trust is an instrument for passing on wealth to a loved one with disabilities, without jeopardizing his or her access to important government benefits.
- Pet trusts: A pet trust is a legal instrument for placing assets in a trust to provide for the long-term care of your beloved pet.
- Trusts for tax planning for very large estates: There are a number of trust instruments available for transferring significant amounts of wealth to beneficiaries while minimizing the tax penalties. Our attorneys can help you create the appropriate trust instruments to transfer your assets in the most efficient manner possible.
At Shams Law Firm, P.A., we have helped clients in all types of situations. Whatever your estate planning objectives, our attorneys can help you achieve them.