When it comes to trusts and estates law, choosing the right law firm is of utmost importance. A trust and estates law firm is a legal practice that specializes in providing legal services related to wills, trusts, estate planning, probate, and other areas related to wealth management. Their main focus is to help clients manage their assets in such a way that they can be distributed effectively upon death.
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The Definition of Trusts and Estates Law Firms
A Trusts and Estates law firm is a specialized legal practice that helps individuals plan their estates by creating wills, trusts, powers of attorney, health care proxies etc. The primary goal of these firms is to ensure that people’s wishes are met after their demise or incapacity. These firms specialize in advising their clients on how best to preserve their assets so that they are not lost due to taxes or other unforeseeable circumstances.
Trusts and Estates law firms are comprised of attorneys who have expertise in trust law, estate planning law as well as taxation laws. These lawyers work with the clients closely to understand the client’s goals and objectives when it comes to managing their assets.
These lawyers also work with financial advisors, accountants or other professionals who are involved in wealth management for the client’s benefit. They ensure that all aspects of estate planning are taken into consideration so that there are no surprises later on.
The Importance of Choosing The Best Trusts And Estates Law Firm
The importance of choosing the right trust and estates law firm cannot be overstated. The right firm can provide invaluable advice on how best to preserve your wealth for future generations while helping you avoid future disputes over your assets.
Choosing an experienced trusts and estates lawyer can help you create a comprehensive estate plan that takes into account all of your goals and objectives. The lawyer will also work with other professionals like accountants or financial advisors to ensure that all aspects of wealth management are considered.
Additionally, a good law firm can help prevent disputes between beneficiaries by creating a well-defined plan that outlines the distribution of assets and who gets what. This can reduce the likelihood of legal challenges to your will or trust, ultimately saving you money in the long run.
Choosing the right trusts and estates law firm is critical to ensuring that your assets are preserved for future generations. By working with an experienced lawyer who understands your goals and objectives, you can create an estate plan that addresses all aspects of wealth management while avoiding potential disputes down the road.
Top Trusts and Estates Law Firms in the US
Greenberg Traurig, LLP – Building a Legacy
With over 2200 attorneys across 41 offices worldwide, Greenberg Traurig LLP is one of the largest law firms in the world. Founded in Miami in 1967 by Larry J. Hoffman, Mel Greenberg, and Robert H. Traurig, the firm has established itself as a leader in trusts and estates law.
Their commitment to providing excellent legal services is reflected in their numerous awards and recognition. Greenberg Traurig has taken on some of the most complex estates cases in history, including representing former President Donald Trump during his presidency for matters related to his estate planning and tax issues.
The firm also represented the estate of James Brown, famously known as “The Godfather of Soul,” which involved resolving disputes with family members over control of Brown’s music empire. In recognition of their exceptional service, Greenberg Traurig received multiple awards from prominent organizations such as Chambers USA Guide and Legal 500 for their trusts and estates practice.
Holland & Knight LLP – Providing Tailored Solutions
Founded in 1968 by Chesterfield Smith and Sandy D’Alemberte, Holland & Knight is an international law firm with about 1,400 lawyers widely recognized for its work in trusts and estates law. Holland & Knight’s trusts and estates practice focuses on wealth transfer planning for high-net-worth individuals through sophisticated tax strategies.
The firm represented one of America’s wealthiest families – the Rockefeller family – which required handling a vast number of complicated assets scattered all over the world through various means such as charitable giving structures. Holland & Knight has won numerous awards including Best Trusts & Estates Team at Chambers USA Awards: Excellence Awards (2012), Best U.S. Law Firm – Wealth Management (2014) and Top-Listed in America for Trusts and Estates Law by Best Lawyers® (2021).
McDermott Will & Emery LLP – A Committed Partner
McDermott Will & Emery LLP has over 1,100 lawyers in offices worldwide. The firm was founded in 1934, initially as a tax practice, and has earned numerous awards and recognition for its trusts and estates practice. The firm’s extensive experience extends to representing clients before the Internal Revenue Service, the United States Tax Court, and other state tax agencies on complex estate planning issues.
McDermott has also represented some of the wealthiest families globally requiring international wealth transfers. Among the many accolades received by McDermott Will & Emery is being named “Trusts & Estates Litigation Department of the Year” by The American Lawyer (2018), “Private Wealth Law Firm of the Year” at Chambers HNW Awards (2019), “Tier 1 National Ranking” for Trusts and Estates Law from U.S. News – Best Lawyers® “Best Law Firms” (2020).
These top trusts and estates law firms have demonstrated their exceptional legal expertise in representing individuals with high net worth estate portfolios. Their commitment to providing tailored solutions to their clients’ needs is evident through their extensive experience handling complex cases coupled with numerous awards recognizing their exceptional service.
Niche Trusts and Estates Law Firms
While the larger and more well-known law firms have a reputation for being the best in their field, niche law firms can be just as successful. These smaller firms might specialize in one area of trusts and estates law or cater to a specific group of clients. Two such niche trusts and estates law firms are The Bluestein Law Firm P.A. and Riser Adkisson LLP.
The Bluestein Law Firm P.A.
The Bluestein Law Firm P.A. is a Florida-based firm that focuses on estate planning for the LGBT community. The firm’s founder, Joryn Jenkins, is an experienced lawyer who recognized the need for specialized legal services within this community.
The firm’s approach is centered on inclusivity, with lawyers who possess both legal expertise and personal experience with LGBT issues. Their notable cases include working to invalidate discriminatory wills that excluded same-sex partners from inheriting property or assets, as well as advocating for estate tax equalization for same-sex couples.
They also represented clients in several high-profile cases involving transgender individuals’ rights to inheritance. For their work, The Bluestein Law Firm P.A has received numerous awards throughout the years, including recognition from publications such as Super Lawyers Magazine and Best Lawyers in America.
Riser Adkisson LLP
Riser Adkisson LLP is a California-based law firm that specializes in asset protection planning. Their focus is on providing clients with legal strategies to protect their assets from potential lawsuits or creditor claims. The founding partners of Riser Adkisson are both experienced attorneys who have published works on asset protection and frequently lecture on related topics.
The firm has handled many notable cases over the years for corporate clients as well as high net worth individuals. One such case involved representing a real estate developer in a lawsuit filed by an investor who claimed to have been defrauded.
Riser Adkisson successfully obtained a summary judgment in favor of their client. While the firm has not received as many awards or recognitions as some of the larger law firms, they have been featured in publications such as Forbes Magazine and cited for their expertise on asset protection planning.
Choosing the best trusts and estates law firm is crucial when it comes to your financial and legal future. While larger firms may have a better-known reputation, niche law firms can provide specialized services that are tailored to specific needs. The Bluestein Law Firm P.A. and Riser Adkisson LLP are just two examples of successful niche trusts and estates law firms.
When choosing a firm, it’s important to consider their expertise, notable cases, awards and recognitions received, along with other factors such as location and cost. By doing your research and selecting the right firm for your needs, you can ensure that your assets are protected and that your estate planning is handled with care.
Investing in professional legal counsel when it comes to trusts and estates can be one of the most important decisions you make in your life. Whether you require specialized services or not, finding the perfect fit for you is essential if you want peace of mind when it comes to preparing for life’s many uncertainties.