Burnham Legal provides clients with a customized blend of practical advice, tax strategies, trust vehicles, limited liability companies, caregiver agreements, and other estate planning tactics and techniques to secure the benefits and protections necessary for the preservation of personal, family and business interests. We routinely confront issues dealing with asset protection and creating legacies for your family.
The type of Trust that is most often used to protect assets against liabilities in the future is an Irrevocable or Protection Trust. An Irrevocable Trust is most often used under very specific circumstances. People use Irrevocable Trusts when they need to set aside assets to protect them from claims of debts that may occur in the future, to hold them for the benefit of a specific person in need, or sometimes to reduce estate taxes, if it may be applicable. Revocable Trusts, the most common type of trusts created, routinely do not offer protections for the property held in the Trust.
Whether you are looking to preserve the family business, protect the family summer camp, or just preserve a legacy for your heirs from a nursing home, we can provide you with an explanation of your different options, provide you with assistance in evaluating those options, and prepare the necessary documents, while taking into consideration your most important goals and the limitations of the different tools.
Our main goal is to assist, counsel and represent our clients to preserve their legacy in the best way possible.
