Our Lawyers Can Clear the Way for Residents to Invest in a Delaware Trust in PA

Are you looking to invest in a Delaware trust? A competent attorney will be able to help you out when it comes to doing just that as they ease the way for you.

Along with the other four states Delaware recognizes domestic asset protection trust as an alternative to offshore trusts. The estate planning attorney at Miller Law Firm PC can assist you in setting up a Delaware trust in Lebanon, PA. They can also help you convert an existing fund under similar clauses and provisions. The lawyer is a tax professional who can legally protect your assets from creditors and put a cap on state taxes. They specialize in the creation of Delaware irrevocable trusts.

Delaware Trust King of Prussia, PA

How a Delaware Trust Works in PA

A Domestic Asset Protection Trust, or DAPT, is among the branches of a Delaware trust. In spite of which states the liens or judgments are filed, the clients residing in different states hold their assets in a Delaware fund  in order to shield their assets from any future attachments of creditors. Amendments in the Pennsylvania law also offer easy protection of your assets and any new DAPT can now be established as a Pennsylvania trust. In the case of an existing Delaware irrevocable trust, they can help you in by adding a trust protector along with the crummey notices and annual maintenance.

Conversion of Trusts

If you have a Delaware trust, or for example an Alaska or Rhode Island trust, it can also be converted into a Pennsylvania trust. The advantage of this move is that a trustee company of a particular state may be stingy with the distribution of payouts, while this helps in having a variety of options and liberty to receive dividends from a specific trustee company of another state.

Trusts and Loopholes

In order to attain charitable and family gifting goals, including tax-favored strategies such as Grantor Retained Annuity Trusts (GRAT) and Delaware trust with charitable gift components, we suggest clients avoid disposal of assets through their revocable trusts and utilize their trusts through adequate estate planning. This is known as the Delaware Advantage. This is basically how the Delaware trust law has an edge with its variety of tax-efficient and innovative trust strategies. As our attorney himself is a practicing Delaware tax attorney, opting for Miller Law Firm will always keep you one step ahead of your creditors and the tax authorities.

Get in Touch with Miller Law Firm

Miller Law Firm will guide you throughout your Delaware estate planning and also give you tax and accounting tips to keep your creditors at bay. You can give us a call today and schedule a free preliminary consultation. The law offices are located in King of Prussia, PA, Framingham, MA, and Lebanon, PA.

The following is a list of areas where our services will be available to you:

  • King of Prussia, PA 
  • Lebanon, PA 
  • Lancaster, PA 
  • Reading, PA 
  • Wayne, PA 
  • Phoenixville, PA 
  • Plymouth, PA 

Reference link for state codes (as per instructions):

https://www.nrcs.usda.gov/wps/portal/nrcs/detail/pa/home/?cid=nrcs143_013696

 

What our clients say about us

Avvo Rating

9.3

Trusts

Steve was great from start to finish. We were looking ahead for our families future and knew we had to call Steve. Steve broke everything down in plain terms, which helped me and wife decide which way to go. I would recommend Steve to any...

21st August 2020

Legal dispute

Very satisfied by results. More then willing to recommend to anyone!! Open communication and prompt call backs.

3rd June 2020

What a relief!

Mr. Miller's help and service were very professional and much needed. Having financial, personal, and medical issues resolved for the future is a relief to us and a reassurance to our heirs and loved ones.

30th May 2020

Great help with estate planning

Steve did a great job of helping us with our estate planning. He gave us options and explained how each one would fit our situation. Once we decided how we wanted our estate set up, he was quick to follow up and get things in place. ...

22nd April 2020

A true humanitarian among attorneys.

Before entering elderly law. Steven was instrumental in supporting and guiding me in my discrimination suite against my employer. I have a disease called Meniere's disease, which causes cases of uncontrolled vertigo. I was hired by a rather...

8th October 2019

Highly Recommend

We entrusted Steven Miller Esq. to handle our Will and Estate planning. I would highly recommend him.

20th October 2017

Rising Star in The Lancaster, PA Area

Handled a real estate closing for us, expedited it quickly and efficiently. Attorney Miller is Well informed, professional and has a very nice demeanor I would recommend him for any legal proceeding. Very honest with a wonderful temperament...

21st January 2015

Great experience.

I hired Steve do defend a consumer credit matter that was dubious from the start.
He was knowledgeable and the case was successful along the lines he predicted.
I would definitely hire Steve again.

19th January 2015

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