Plans that work for you
Plans that work for you
Estate Planning
Revocable Living Trusts
A Revocable Living Trust may be the "gold standard" for passing your wealth to your heirs upon death. It allows you to place your property in the trust, manage it during your life, and then appoint a manager or "trustee" to deliver it to your heirs when you pass away. All of this is done free from the hassle of the court system. For more on Revocable Living Trusts, read our article, Estate Planning with a Will or Trust: Avoiding Probate and More, or schedule a free consultation here.
Islamic Trusts
Islam--one of the largest and fastest growing religions in the world--places certain particular requirements on its adherents as to how they must pass their wealth to their heirs. A will is a deficient instrument to achieve these religious goals for a number of reasons. Abdullah, the managing attorney at McDaniel Estate Planning, spent a year studying Islamic Inheritance with one of the premier Islamic Estate Planning attorneys in the US. He brings that knowledge to each Muslim trust client to draft plans that achieve both the secular and religious goals they seek. For more on Islamic Trusts, read our articles, Estate Planning for the Muslim Client Part 1 and Part 2, or schedule a free consultation here.
Special Needs Trusts
Do you have a child or loved one who has special needs? Upon our death, we want to provide the best opportunities for our son, daughter, or grandchild with special needs. To do that, it is important that their eligibility for government benefits remain intact. An inheritance, however, may make them ineligible. A special needs trust can hold the funds for your loved one, protected from creditors and scammers, provide them with income, and at the same time preserve their eligibility for government benefits. Schedule a free consultation with us here to discuss this and other options available to you with an attorney.
Tax Planning Trusts
While you must always pay your taxes, it is neither wise nor noble to pay more taxes than necessary. When the IRS has said that certain tax-saving vehicles are "OK," then you should utilize them. Schedule a free consultation here to discuss options available to you under the tax code.
Business Succession Planning
You have poured your heart and soul into starting and operating your small business. Now, you need to make sure ownership passes to the right people in the event of your death. Business succession planning is best done through the terms of the organization itself, rather than in a will or trust. Schedule a free consultation with an experienced attorney here to discuss options available to you.
Accepting Clients in Arizona and Texas
Phone: +1713-659-9668
Email: admin@mcdanielestateplanning.com