Philadelphia Trusts and Estates Lawyer
Earp Cohn P.C.
Consult with a Proven Philadelphia Trusts and Estates Lawyer
The proven Philadelphia estate lawyers at Earp Cohn P.C. are experienced in the effective resolution of estate lawsuits and claims as related to family estates and trusts. Philadelphia estate attorneys are knowledgeable in all areas of general estate law, including but not limited to instances of estate bankruptcy, living trusts and retirement planning in Philadelphia, Pennsylvania.
The Philadelphia trusts and estates attorneys have experience representing clients with matters involving:
- Philadelphia Decedents Estate Lawyer
- Philadelphia Estate Bankruptcy Lawyer
- Philadelphia Estate Lawyer
- Philadelphia Estate Planning Lawyer
- Philadelphia Family Trusts Lawyer
- Philadelphia Living Trusts Lawyer
- Philadelphia Powers of Attorney Lawyer
- Philadelphia Retirement Planning Lawyer
- Philadelphia Special Needs Trusts Lawyer
- Philadelphia Trust Lawyer
- Philadelphia Unclaimed Property Lawyer
- Philadelphia Wealth Planning Lawyer
Experienced Philadelphia Trust Attorney
Trusts are estate-planning tools that can replace or supplement wills; as well as help manage property during life. A trust manages the distribution of a person’s property by transferring its benefits and obligations to different people. There are many reasons to create a trust, making this property distribution technique a popular choice for many people when creating an estate plan.
The basics of trust creation are fairly simple. To create a trust, the property owner (called the “trustor,” “grantor,” or “settlor”) transfers legal ownership to a person or institution (called the “trustee”) to manage that property for the benefit of another person (called the “beneficiary”). The trustee often receives compensation for his or her management role. Trusts create a “fiduciary” relationship running from the trustee to the beneficiary, meaning that the trustee must act solely in the best interests of the beneficiary when dealing with the trust property. If a trustee does not live up to this duty, then the trustee is legally accountable to the beneficiary for any damage to his or her interests. The grantor may act as the trustee himself or herself, and retain ownership instead of transferring the property, but he or she still must act in a fiduciary capacity. A grantor may also name him or herself as one of the beneficiaries of the trust. In any trust arrangement, however, the trust cannot become effective until the grantor transfers the property to the trustee.
An experienced Philadelphia estate lawyer is professional and knowledgeable in understanding the details, facts, complications, and circumstances that arise in a trusts and estates case.
Trusted Philadelphia Estate Law Firm
The Philadelphia estate attorneys at Earp Cohn P.C. are distinguished by a history of successful estate claim recoveries and resolutions. For experienced representation in an estate dispute or if you need help with estate planning, contact the Philadelphia estate lawyers at Earp Cohn P.C. in Pennsylvania.
Earp Cohn P.C.