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Gillis & Gillis Attorneys and Counselors at Law , are committed to providing clients with efficient and comprehensive legal services to assist in the accumulation, preservation and transfer of wealth. We carefully consider each client's goals and objectives, so that a customized plan can be created and tailored to those needs. Complex Wills, Living Trusts, Family Limited Partnerships, Grantor Retained Annuity Trusts (GRATs), Intentionally Defective Grantor Trusts (IDGT), Charitable Remainder Trusts (CRT), Life Insurance Trusts, and private foundations are just a few of the instruments they use to effectuate customized estate plans. Learn more about them below.
Wills and Trusts - An Overview
Imagine you are thirty or forty or fifty. You own a nice four-bedroom house in a decent neighborhood. You have two, maybe three kids. You have life insurance, a pretty good health plan and a retirement plan that you have tried to put something in every year. You have some money saved, but not enough to retire and play golf for the rest of your life. You work hard and you are involved with your children's activities. You are a busy responsible parent who doesn't have a lot of extra time or money. Why would you need a Will, Trust, or broader estate plan? An experienced estate planning attorney can answer that question, as well as others you may have about your family's financial future.
Imagine you become ill or are injured. Imagine you are so ill that you are put on a respirator and fed intravenously for years. During those years the assets held in your name are used to help pay for extraordinary care you never wanted. What is not used to pay for the extraordinary means just sits. No one watches over your investments or, perhaps, pays the taxes that are due. Your minor children are given a court appointed guardian you have never met.
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