Trusts And Special Needs Planning

Trusts can be used to protect, organize, and distribute your assets without the lengthy, complex, public process of going through the probate court. Special Needs Planning, also referred to as Supplemental Needs Planning, can preserve assets and benefits for those you love.

The Creation Of Trusts

A trust is a legal way to protect, organize or distribute your assets without the formal process of going to court and probate. At Spano & Dawicki, LLC, in Boston, Massachusetts, our attorneys are experienced in the complexities of estate planning and can effectively establish a trust in your case. While trusts are a viable alternative to court, it is important that an experienced attorney reviews your assets and properly handles the creation of a trust as well as manages trust administration.

Asset Distribution And Security For Your Family

A trust in addition to a will can accomplish a number of goals and offer protections. In creating a trust, the legal document grants authority to pass on or distribute assets to your beneficiaries without court intervention. This can save costs and time in the long run, as well as prevent future disputes between your family members. While the trust can save money upfront, it could end up being more costly in the long run if purchased by an unscrupulous group in conjunction with an annuity.

Make sure you have your own representation in the process of trust creation. Thinking through how the trust will be administered is another important component that involves selecting a trusted loved one or an institutional trustee to oversee administration.

Our Boston trust lawyers are experienced with the creation of trusts, including:

  • Basic trusts
  • Special needs trusts
  • Living trusts
  • Tax trusts and life insurance trusts
  • Real estate trusts and lifestyle trusts
  • Irrevocable trusts

Trusts That Meet Your Individual Needs

Every client is unique, and has different needs involving estate planning and the creation of trusts. Our attorneys will review your individual circumstances, assess your assets and identify your objectives. You may have a dependent or disabled child, have specific wishes for how the funds should be used or want to create a trust in the name of charity. We have broad and extensive experience working on behalf of our diverse clientele, and can effectively represent your interests in asset protection and estate planning.

Turn to an established law firm for legal counsel. Set up your consultation today by calling 781-231-7800 or sending us an email.

Our office is conveniently located at the intersection of Route 1 and the Lynn Fells Parkway and is only minutes from Logan Airport, downtown Boston, and Routes 93, 95 and 128. Credit cards accepted.

Managing A Trust After Incapacitation Or Death

After incapacitation or death, trustees are often in a difficult situation, without knowledge of how to properly manage a trust or deal with beneficiaries. After the formation of a trust, it must be funded and properly administered.

Trustees have a fiduciary duty to properly manage investments and the operation of a trust, and to make appropriate disbursements. At Spano & Dawicki, LLC, we offer experienced, strategic support to our clients, including trustees and beneficiaries with an interest in trust administration.

After death or incapacitation, our attorneys will help trustees carry out their fiduciary duties and legal obligations or represent beneficiaries seeking to protect their own financial interests. If you are a trustee, it is important to consult with an experienced attorney to avoid potential liability for improper administration or a failure to uphold fiduciary obligations.

Our Massachusetts trust management attorneys are experienced with trust administration, including:

  • Management of trusts
  • Asset distribution
  • Asset protection
  • Disbursements
  • Tax obligations
  • Trust disputes
  • Litigation
  • Representation for beneficiaries

Trust Administration Based On Your Needs

Different trusts meet different needs, given the intent of the trust creator and its structure. Depending on the trust, a trustee may have varying degrees of responsibility. Our Boston trust administration attorneys will review the trust document, assess the vehicle and work directly with you to ensure that the trust is properly administered. We are experienced with disbursement of funds to meet the needs of minors, or disabled or incapacitated people.

Our attorneys will advise you of your obligations, assist with accounting and inventory, prepare required reports, handle tax returns, and give you necessary advice and counsel through the administration process. Set up an appointment to discuss your concerns with an attorney by calling 781-231-7800 or contact our Boston lawyers by email.

Our office is conveniently located at the intersection of Route 1 and the Lynn Fells Parkway and is only minutes from Logan Airport, downtown Boston, and Routes 93, 95 and 128. Credit cards accepted.