Trusts

At Griffin & Schaefer P.A., we pride ourselves on being more than just legal professionals; we are trusted advisors committed to helping our clients navigate the complex world of estate planning. With a wealth of experience in the field, we specialize in various types of trusts, including irrevocable trusts like special needs trusts, charitable lead trusts, and charitable remainder trusts. Our dedication to providing tailored solutions ensures that we cater to clients from diverse backgrounds and situations, offering guidance on whether a trust is necessary and which type of trust aligns with their goals.

Irrevocable trusts serve as powerful tools in estate planning, each designed to fulfill specific objectives. Let’s delve deeper into some of these irrevocable trusts to better understand their unique purposes and benefits.

Special Needs Trusts

A special needs trust is a vital instrument for families with loved ones who have disabilities. It is specifically structured to ensure that the beneficiary receives essential care and support while preserving their eligibility for government benefits such as Medicaid or Supplemental Security Income (SSI). Our experienced attorneys can assist you in establishing a special needs trust to safeguard your loved one’s financial future.

Charitable Lead Trusts

For clients passionate about philanthropy, a charitable lead trust offers an innovative way to support charitable causes while potentially reducing estate taxes for heirs. This trust allows you to allocate income to a charity for a specified period, after which the remaining assets are transferred to your beneficiaries. Our legal experts can guide you through the intricacies of creating and managing a charitable lead trust, helping you make a lasting impact on the causes you care about.

Charitable Remainder Trusts

Charitable remainder trusts enable you to support both charitable organizations and your beneficiaries. With this trust, you or your heirs receive income from the trust for a defined period or for life, after which the remaining assets go to your chosen charities. This can be an effective strategy for individuals seeking to balance philanthropy with providing for their family’s financial security. At Griffin & Schaefer P.A., we can help you structure and manage a charitable remainder trust that aligns with your charitable and familial goals.

Conclusion 

Our law firm’s expertise extends to various types of irrevocable trusts, offering comprehensive counsel to clients from diverse backgrounds. Whether you are considering the need for a trust, contemplating a change to an existing revocable trust, or seeking guidance on estate planning strategies, our experienced team is here to assist you. Trust in Griffin & Schaefer P.A. to be your dedicated legal partner on your journey toward securing a sound financial future for yourself and your loved ones.

At Griffin & Schaefer P.A., we firmly believe that trusts are not one-size-fits-all solutions; they are powerful and flexible tools tailored to meet your specific estate planning needs. We are committed to helping you harness the full potential of trusts and other estate planning instruments, providing clarity and peace of mind for you and your loved ones.