Kimberly W. Stout, Attorney at Law 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 heirs after his/her death, which usually involves a testamentary instrument such as a will.
Kimberly W. Stout, Attorney at Law is committed to providing a personalized approach in developing a client's estate plan. The experienced trust and estate attorneys at the firm 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 Kimberly W. Stout, Attorney at Law, 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 team of attorneys 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 advice and counsel of a competent trust 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. The attorneys at [name of the firm] have in-depth knowledge of all aspects of estate planning, including wills and living trusts, irrevocable life insurance trusts, and children's trust. We also handle issues related to Grantor Retained Annuity 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 Kimberly W. Stout, Attorney at Law today to schedule an initial consultation.