Texas Family Wealth Transfers Attorney
El Paso lawyer helps you plan your estate
Estate planning often stops short by describing how assets will transfer to the next generation, but does not prepare the next generation for the responsibilities that come with acquired wealth. This can result in poorly prepared inheritors and disputes over assets or the future of a family business. It is important that those who will be the recipients of assets are educated and ready to take on new roles and responsibilities as the family dynamic shifts due to life change.
Karin Carson Law assists clients in creating comprehensive wealth transfer strategies, with careful thought given to each family’s individual situation. This ensures that assets are managed effectively during one’s lifetime as well as protecting the financial interest of the family and loved ones. I can also assist in reviewing the current approach to wealth transfer to see if any changes or adjustments need to be made.
Providing experienced advice regarding transferring family wealth
You have worked hard your entire life to build your estate, your business and other assets. Is it time to think about transferring your wealth to family members?
The decision to establish a trust fund, pass along your business or incorporate transferring family wealth into your will should not be taken lightly. Each trust serves different purposes and may or may not meet your needs, depending on whom you want to receive the money. Legal advice regarding how to transfer your assets can help ensure your wealth is distributed according to your wishes.
Finding a solution that fits your needs
Many of my clients are owners of small or medium-sized businesses. They want to ensure they can pass along their businesses to children and avoid personal liability. Other clients have large estates or large sums of money they want to pass on to chosen beneficiaries or charities and avoid estate and wealth taxes.
I offer personalized advice based on your unique situation. I learn about your wishes for the future and strive to meet your needs with various estate planning tools. I can help you with wealth transfer options, including:
- Special needs trusts
- Family foundations
- Life insurance trusts
- Living trusts
- A/B trusts
- Charitable trusts
- Generation skipping trusts
Contact a knowledgeable family wealth transfers lawyer
Family wealth transfer options can be confusing and complicated. Contact Karin Carson Law to learn which option is best for you. Call 915-351-9886 or contact me online to schedule your initial consultation at my El Paso, Texas office.