David Waterstradt is a trusts and estates attorney who focuses his practice in estate and tax planning, estate and trust administration, elder law and Medicaid planning. He is available to meet with clients in the firm's Grand Rapids, Holland and Muskegon offices. He has extensive experience, including the following representative experience:
ELDER LAW AND DISABILITY PLANNING
Has represented individuals and their agents in planning to meet the expenses of long term care; Has established Sole Benefit Trusts for the protection of assets beyond the Medicaid protected spousal amount for a spouse who remains at home when the other spouse needs nursing home care; Has established Testamentary Trusts to assist couples to plan to protect assets for a surviving spouse who may need nursing home care; Has advised on gifting by single individuals seeking to qualify for Medicaid or Veteran's benefits, including the use of irrevocable trusts and annuities; Has prepared private reverse mortgages for children with the means to fund long term care for their parents with eventual payback upon death; Has established special needs trusts to protect inheritances, lawsuit settlements, awards and other assets received by disabled individuals; Has prepared powers of attorney to clearly authorize gifting and Medicaid planning.
ESTATE AND TRUST PLANNING
Has represented individuals with estates valued up to $30 million in preparing their estate plans, including business owners, executives, physicians, those with inherited wealth and successful savers and investors; Has created wills and trusts for the tax efficient transfer of wealth, including marital trusts, credit shelter trusts, generation skipping trusts, irrevocable insurance trusts, qualified domestic trusts for noncitizen spouses, qualified personal residence trusts and cottage trusts; Has established family partnerships and limited liability companies to provide for the management of assets, protection of family assets from creditors and tax efficient transfer of wealth to the next generation; Has developed plans to transfer closely-held family businesses, sometimes involving grantor retained annuity trusts (GRATs), sales to grantor trusts and other techniques; Has prepared prenuptial and postnuptial agreements; Has advised clients on the transfer of IRAs and other retirement plans in a tax efficient and creditor protected manner.
PROBATE ESTATE AND TRUST ADMINISTRATION
Has represented fiduciaries and beneficiaries in trust and estate administration; Has commenced probate court proceedings and counseled individuals and banks appointed as personal representatives in estate administration; Has assisted individuals seeking appointment as a guardian or conservator for an elderly or disabled person and counseling guardians and conservators in the fulfillment of their duties; Has represented trustees in the administration of trusts; Has represented individuals and fiduciaries involved in probate litigation, including claims by and against estates, will contests, trust disputes, joint accounts and real estate partitions
Certified Elder Law Attorney, National Elder Law Foundation.