Miami Trust Attorneys | Wills, Trust, and Estate Planning

Reichard Tornes is a distinguished law firm that specializes in estate planning, wills, and trusts specifically designed for business owners. Our team of dedicated Miami estate planning attorneys understands the unique challenges of safeguarding both personal and business assets.

With a deep commitment to our clients’ futures, we provide expert guidance through the complex process of creating comprehensive estate plans that meet individual needs and objectives. Our expertise extends to crafting tailored solutions that ensure your wealth is managed and protected according to your specific wishes.

Whether you need help establishing a trust to secure your legacy or drafting a will that clearly outlines the distribution of your assets, Reichard Tornes is ready to assist. 

Secure Your Legacy With Miami’s Trust Lawyers

Securing one’s legacy, especially in Miami’s vibrant and bustling business environment, requires foresight, meticulous planning, and a strategic partnership with seasoned trust lawyers. Estate planning transcends the mere safeguarding of personal assets; it is an essential step for business owners aiming to ensure the continuity and prosperity of their ventures well into the future. 

We stand out for our legal sharpness and deep understanding of Miami’s unique business landscape. Our services are tailored to meet the nuanced needs of each client, recognizing that every individual’s situation—and every business—is distinct. 

Our team of estate planning attorneys specializes in crafting comprehensive estate plans that encompass everything from wills and trusts to advanced directives and shareholder agreements designed specifically for business owners.

This commitment goes beyond simply drafting documents; we offer strategic guidance to minimize tax liabilities while maximizing asset protection strategies both now and in perpetuity. This ensures that your wealth is shielded alongside your business interests so that you can pass on your life’s work to future generations or designated successors.

Our personalized approach means we are more than just Miami business attorneys—we become partners invested in securing your legacy through attentive listening, clear communication, and proactive solutions that are custom-fit for today but geared towards sustaining growth long after you’ve handed over the reins.

Wills, Trust, and Estate Planning Experts

Complex commercial real estate transactions

Our trust attorneys in Miami communicate clearly in multiple languages, offering services in English and fully legal Spanish to ensure thorough understanding at every stage. Our team’s language proficiency also includes fluency in French and Portuguese, allowing us to serve a broad range of clients with cultural sensitivity and effective communication across legal matters.

Full-Service Estate Planning Solutions

Full-service estate planning is a multifaceted process designed to safeguard an individual’s assets, ensure their wishes are honored, and secure the future of their business. This comprehensive approach encompasses much more than just drafting wills and trusts; it includes healthcare directives, powers of attorney, and strategic business succession planning—all tailored to align with each client’s unique goals, family dynamics, and potential tax implications.

Here are the following solutions our attorneys can offer: 

  • Wills and Trusts: The cornerstone of any robust estate plan will provide clear instructions on how your assets should be distributed upon passing. Trusts offer additional flexibility and benefits, such as avoiding probate court or managing your assets if incapacitated. Each tool can be customized to suit specific needs—whether that involves setting up a trust fund for children or ensuring a beloved charitable cause receives support.
  • Healthcare Directives: Also known as living wills, these documents specify what actions should be taken regarding one’s health if one can no longer make decisions due to illness or incapacity. Coupled with this is the designation of a healthcare proxy—a trusted individual empowered to make medical decisions on behalf of someone unable to.
  • Powers of Attorney: These legal instruments allow individuals (principals) to appoint agents who can act in their stead for financial affairs when they’re unavailable. Based on the principal’s preferences, powers of attorney can cover broad authority or limited situations.
  • Business Succession Planning: Crucial for both entrepreneurs and business owners, this facet ensures continuity by outlining precisely how ownership transitions will occur, whether through sale, transfer within the family, or gradual management handover. It encompasses leadership training, valuation processes, and contingency operations to maintain operational integrity during unforeseen circumstances.
  • Asset Protection Strategies: Rigorously safeguarding against vulnerabilities to secure clients’ legacies and provide peace of mind.
  • Specialized Planning Solutions: Our specialized planning solutions encompass the creation of trust funds for educational purposes, structuring charitable giving mechanisms, and designing business succession plans tailored to maintain continuity.

How We’ve Helped Miami’s Business Owners

Through personalized legal strategies and deep local insight, we’ve empowered entrepreneurs across this dynamic city to navigate challenges, seize opportunities, and lay strong foundations for future growth.  

Here’s how we’ve made a difference in the lives of Miami’s business community.

Tailored Will Services to Protect Your Business and Family

Our services are designed to meet the unique needs of business owners, providing them with peace of mind that their legacy is secure and their familial responsibilities are honored.

  • Will-Drafting Services: We begin with an in-depth consultation to understand your circumstances, aspirations, and concerns. This understanding allows us to craft a customized will that encapsulates your wishes for asset distribution—including how your business interests should be managed or transferred upon your passing. Our expertise ensures that all provisions adhere strictly to Florida’s legal standards while optimizing tax implications and minimizing potential disputes among beneficiaries.
  • Guardianship Appointments: Appointing guardians is a considerable aspect of our service for clients with minor children or dependents. We guide you through considering suitable candidates who align with your values and lifestyle preferences while advising on legal considerations to ensure these appointments stand firm against any challenges.
  • Reflecting Current Wishes & Legal Compliance: Life events such as marriage, divorce, births, or significant changes in business valuation necessitate updates to one’s estate plan. Reichard & Tornes stay engaged with our clients over time, ready to adjust and re-align documents like wills so they accurately reflect current realities without compromising compliance or intent.

Our approach goes beyond drafting and involves strategic planning for your estate, including asset protection mechanisms for personal estates and commercial holdings. 

Tailored Will Services

Customized Trust Solutions for Comprehensive Asset Management

Trusts are powerful tools for business owners looking to effectively manage and protect their assets. By setting up a trust, you can ensure your wealth is managed according to your wishes, both during your lifetime and after. 

Here’s an overview of the types of trusts available and how they benefit business owners:

Types of Trusts

  1. Revocable Living Trust: Allows you to retain control over your assets while you are alive but ensures they are transferred smoothly without probate upon your death.
  2. Irrevocable Trust: Unlike revocable trusts, once an irrevocable trust is set up, it cannot be easily changed or terminated. It offers significant asset protection benefits and can reduce estate taxes.
  3. Charitable Trust: Designed for those who wish to donate a portion of their assets to charity; it also provides tax advantages.
  4. Special Needs Trust: Ensures that beneficiaries with disabilities receive inheritance without affecting their eligibility for government assistance.
  5. Spendthrift Trust: Protects the beneficiary’s inheritance from creditors by limiting access only as directed in the trust agreement.
  6. ILIT (Life Insurance Trust): Takes ownership of a life insurance policy and is usually used in Estate Planning as a tool.   It also exempts the funds from probate and can reduce any estate tax owed and protect the funds from creditors

Benefits for Business Owners

  • Asset Protection: Particularly with irrevocable trusts, you can safeguard your personal and business assets from lawsuits or creditors.
  • Avoiding Probate: All types of trusts help bypass the costly and time-consuming process of probate, ensuring immediate transfer management ownership according to designated wishes
  • Efficient Wealth Transfer: Generation-to-generation transfers become seamless when structured through suitable agreements securing legacy-preserving value across generations.

Establishing and managing a trust involves several tailored steps and expert advice. From selecting the right type based on specific needs and goals to drafting legal documents and providing ongoing administration, our services offer comprehensive support throughout the entire lifecycle. 

Book a Consultation Today!

Our practice is tailored for those Florida families tackling intricate business challenges or disputes that span local, national, or international borders. With a wealth of experience, we’re committed to delivering highly effective and customized strategies for your distinctive situation.

Contact us at 305.407.1734 to schedule your first consultation. We serve clients throughout the state of Florida and worldwide—let’s navigate these complexities together and secure the outcomes you deserve.