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The seasoned attorneys at the Louisville, KY law firm of Ackerson & Yann, PLLC can develop intelligent plans to convey assets to your loved ones and intended charitable institutions in the most effective manner, while at the same time, resulting in the lowest tax liabilities. Inheritances and wills are a very important, yet sometimes an overlooked aspect of managing assets. Estates, wills and trust laws provide legal guidelines. Although a simple power of attorney or will can suffice in some situations, there are instances where more sophisticated legal instruments serve a benefactor’s interest better.

In general, estates, trusts and funds cover the law that deals with how a person will convey assets to family members and charitable organizations in a well-planned manner with some of the assets being conveyed during the benefactor’s lifetime and some conveyed upon the benefactor’s death. In the past, if a person wanted to lay out an inheritance and will plan, it was simple. A single instrument could take care of everything. However, the world has become more complex, as have gift and tax laws. These changes have made it imperative to seek more sophisticated instruments such as revocable or irrevocable trusts. Guidance with these is available at the Louisville KY law offices of Ackerson & Yann, PLLC. Estate, wills and trust laws can impose severe tax penalties if the distribution of an estate is not well-planned.

If you are looking to plan the ultimate and inevitable distribution of your assets in the best possible manner, you should consult with the knowledgeable legal counsel at Ackerson & Yann, PLLC. Our attorneys can offer solutions that go far beyond the traditional will to handle an estate. In addition, some of our solutions can dispense totally with the probate process which is traditionally part of the process of validating a will. The advantages of such planning can eliminate will contesting in court and sidestep completely the unnecessary treatment of your most sensitive legal documents as public records in probate court. Consult with us and you’ll discover benefits that will pay dividends for generation after generation for your loved ones.

Ackerson & Yann, PLLCOne Riverfront Plaza401 W. Main St., Suite 1200Louisville, Kentucky (KY) 40202Phone: (502) 583-7400Fax: (502) 589-4997www.ackersonlegal.com