WILLS AND TRUSTS
COMPREHENSIVE LEGAL ASSISTANCE TO ENSURE YOUR WISHES ARE FOLLOWED
The bulk of any estate plan entails constructing a detailed will and associated trusts that enable individuals and families to delegate their property in a specified manner. Not every individual or family will need to create a trust, and many times a will, when written properly, will be comprehensive enough to satisfy one’s estate planning goals.
The attorneys at Figliola and Romano simplify the process for you. We pay attention to your needs and goals, and draft detailed wills and trusts for you that comply with Rhode Island law.
WRITING A WILL
A will may seem to be a simple matter; however, unless your estate can be easily distributed through a simple will, other options may need to be considered. Oral and handwritten wills are generally not accepted as legal documents in the state of Rhode Island, so it is important to make sure your will is legally viable.
Depending upon your estate planning goals, our firm can help counsel you as to the best approach for your estate. We commonly prepare testamentary and pour-over wills that work in conjunction with an established trust, but sometimes we advise couples to compose a joint will that splits the estates of married couples in order to achieve their planning goals.
It is also important to discuss and compose a living will that provides instructions regarding medical treatment. Our firm can help you compose and update your will, or wills, at any time, as well as advise you on how disinheritance, divorce and estate management changes may impact your plans.
SETTING UP A TRUST
Our attorneys work with financial advisers and other professionals to help our clients craft trusts to protect assets from unnecessary expenses. Some of the common trusts our lawyers can help you plan include:
- Beneficiary trusts
- Grandchildren trusts
- Income-only trusts
- Revocable and irrevocable trusts
- Living trusts
Trusts can be used to minimize estate taxes and to provide for elderly parents, children with special needs or college funds for children. Trust funds can be a pragmatic way to financially plan for your family’s well-being, both now and in the future. Not every estate plan requires a trust. To find out what the best options may be for you and your family, contact our firm to discuss your options.
YOUR EAST BAY RESOURCE
Our estate planning services are comprehensive and responsive to every client’s individual situation. If you would like to know which type of will could suit your needs, or wonder if you should pursue creating a family trust, you should consult with one of our attorneys. Schedule an appointment by calling our Barrington office at 401-289-0404.