Publication date: 06.05.2025
Yulianna Bukovskaya, Esq. is the leading attorney for Buro Law Group, PLLC, with over 15 years of experience in the field. Ms. Bukovskaya’s professionalism and strong work ethic have attracted domestic and international clients seeking her expertise. Ms. Bukovskaya is admitted to practice in all Florida State Courts as well as the Federal District Court for the Southern District of Florida. Prior to establishing her private practice in Florida, Ms. Bukovskaya was associated with one of Florida’s largest and most distinguished firms, Duane Morris, LLP, where she received superior training in complex international and commercial litigation.
Protecting the Family’s Future: A Custom Trust Property Solution
At Buro Law Group, we are committed to providing personalized estate planning services that address each client’s unique needs and goals. A recent collaboration with a client, whom we will refer to as John Smith for confidentiality purposes, is an example of our approach to creating custom trust property solutions.
Understanding the Client’s Goals
John, a 59-year-old entrepreneur, approached us to ensure that his assets would be managed and distributed according to his wishes, both during his lifetime and after he passed away. His primary
concerns included:
- Ensuring the financial security of his family.
- Minimizing potential inheritance taxes.
- Avoiding the probate process to ensure a smooth transition of assets.
- Creating an Individual Trust
After extensive consultation, we recommended creating a Revocable Living Trust as the foundation of John’s estate plan. This trust would allow him to:
- Maintain control over his assets during his lifetime.
- Provide clear instructions for managing his assets in the event of his incapacity.
- Ensure that his assets can pass seamlessly to his beneficiaries after his death without the need for probate.
In addition to the trust, we prepared:
- A Will to Transfer Assets: To capture any assets that were not registered in the trust’s name at the time of his death.
- A Durable Power of Attorney: To give a trustee the authority to manage his financial affairs if John becomes incapacitated.
- Designation of a surrogate health care guardian and living will: Determining his health care preferences
and designating a person to make health care decisions on his behalf, if
necessary.
Implementing the plan
We guided John through the process of converting his assets into a trust, including real estate,
investment accounts, and business interests. This step was critical to ensuring the proper functioning of the trust.
Achieving peace of mind
By proactively developing a comprehensive estate plan centered around a revocable living trust,
John gained confidence that his family’s future was secure and that his wishes would be carried out.
If you are considering creating or updating an estate plan, including trusts and related documents, our experienced attorney, Julianna Bukowski, is ready to help you. Contact us today to schedule a consultation and take the first step towards securing your inheritance.
1. Key benefits of trust planning
Asset protection – assets remain under the control of the trustee and are protected from creditors.- Flexibility in the distribution of the estate – the ability to set the terms of the inheritance.
- Minimization of tax costs – efficient management of inheritance taxes.
- Privacy – trusts do not go through court proceedings, which ensures privacy.
- Provision of financial support – the ability to create a fund for education, medical expenses or other needs of heirs.
Trust mechanisms allow owners of assets to control their use even after they are transferred to heirs.
2. Types of trusts for family protection
Living trust – assets are transferred to the trust during the life of the owner, which allows for the avoidance of legal proceedings.- Minor trust – provides financial support for children until they reach a certain age.
- Trust for people with special needs – guarantees financing of medical expenses and care.
- Family trust – preservation of assets within the family for future generations.
- Charitable trust – part of the inheritance is transferred to charitable purposes.
The right choice of trust helps to ensure financial stability and legal security of heirs.
3. Trust management and control over assets
Appointment of a trustee – selection of a responsible trustee of the trust.- Determination of the terms of distribution – establishment of rules for receiving the inheritance.
- Protection against unfair use – mechanisms for controlling expenses.
- Updating trust documents – making changes according to life circumstances.
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📌 An individual trust solution allows you to protect the future of the family, ensure financial stability and avoid legal risks. If you need advice on creating a trust, I will help you find the best solution! 🚀
Effective trust management ensures that assets will be used in accordance with the wishes of the owner.
