During 40 years in practice, Julius J. Hoffman has represented clients in a variety of trusts and estates matters, including probate, gifts, estate planning, trust administration, intestacy matters and will contests. The law of trusts and estates primarily involves the management of personal affairs and the disposition of a person’s property after he or she has died or become incapacitated. A “trust” is a legal concept whereby a grantor transfers legal ownership of property to a trustee. Trust assets typically are managed for the benefit of one or more beneficiaries. An estate generally consists of the property that a person bequeaths to his or her heirs after his or her death, which usually involves a testamentary instrument such as a will.
Julius J. Hoffman, P.C. is committed to providing a personalized approach in developing a client’s estate plan. Julius J. Hoffman, as an experienced trust and estates attorney, can guide you in filing petitions for probate and in the appointment of trust administrators. Trust administration is concerned with the administration and transfer of assets according to the directions set forth in a trust agreement. At Julius J. Hoffman, P.C., we work with clients to evaluate discretionary issues on distribution of the trust assets, and to ensure that the assets of the trust are distributed accordingly. Our firm also can assist in the preparation of the final accounting, and minimize the taxes and expenses involved in trust administration.
Estate planning is executed with legal documents such as wills and trusts, and can be simple or complex, depending on the distribution scheme. It is advisable to seek the counsel of a competent trusts and estates attorney when contemplating the creation of an estate plan. A comprehensive estate plan is vital and beneficial to a client’s overall financial plan, and it can reduce tax consequences and provide clear guidance to avoid any family disputes and prolonged probate court battles. Our firm has an in-depth knowledge of all aspects of estate planning, including wills and living trusts, charitable remainder trusts, educational trusts, family trusts, personal residence trusts and other grantor retained interest trusts.
If you have an estate-or trust related question, contact Julius J. Hoffman, P.C. today to schedule an initial consultation or call (877) 788-9281 or (517) 788-9280.