What is Trusts and Estates Law?
No matter how big or small your assets are, when the time comes for you to leave this world, you can’t take your assets with you. The estate lawyer’s role is to help a client arrange her or his financial affairs so that, upon the client’s death, assets are distributed exactly as s/he wishes and the tax consequences of distributing that property are minimized. The law of estates and trusts governs the use of certain types of instruments to provide for an orderly distribution of the assets and payment of any debts or liabilities of the estate, which can be very challenging, as each client has a unique set of assets and unique family, business and financial concerns. The estate lawyer often becomes a true family counselor, helping the client work through both financial and personal issues. Where do trusts and estates lawyers work and what do they do? Many lawyers specializing in this area work in law firms, whether in small firms that specialize in estate planning or in estate planning de
