Lead Counsel independently verifies Irrevocable Trust attorneys in Newport by conferring with Rhode Island bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.
An irrevocable trust is a trust that cannot be modified or terminated without the beneficiary’s permission. This type of trust is generally used for tax purposes. In establishing an irrevocable trust the grantor, the person making the trust, transfers ownership of assets to the trust and can no longer be taxed on those assets.
Establishing an irrevocable trust is a significant undertaking and you will benefit from consulting a Newport trust lawyer. The lawyer can assess your situation and advise you if an irrevocable trust is in your best interest. The lawyer can write the trust’s provisions and ensure the trust conforms to your state’s applicable law.
In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.
An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.
Personal jurisdiction – Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court’s reach in personal jurisdiction.