For nearly 25 years, Karin Foster, Esq. has given comprehensive and easy to understand counsel to families and small businesses in need.
As a single mom, a daughter, small business owner and lastly, an attorney, Karin understands the planning concerns and stressors when caring for children and elderly parents while supporting a business. As the mother of two wonderful young adults, Karin is excited and grateful for the opportunity to help them through their life milestones and like any parent, will do everything to protect them and provide for them. Protecting those we love and helping our clients do the same is the foundational philosophy of our business and advocacy. At Treveri Law, we help our clients achieve their life goals by getting and staying completely organized and clear in their estate planning intentions so that they may communicate their values and desires in case of incapacity and they may ultimately transfer their assets to those they love now and at their passing.
How we are different at the Treveri Law, PC
During the traditional estate planning experience, you’ll meet with a lawyer who will often make things seem very complicated and confusing. Because you want to do the right thing for your family, you’ll have the lawyer prepare documents, sign them and then you'll take your fancy planning binder home, stick it on a shelf or in a drawer, and never think about it again. And, unless you call the lawyer and pony up some money, you wont get any more advice on your estate plans.
At least that was my father's experience with his estate planning lawyer back in Massachusetts. My Dad was an MIT professor and Research Scientist at Lincoln Labs, one of the National Labs. He was a very intelligent and educated man, but he felt overwhelmed with the thought of dying and leaving his kids, so he did what he thought was right and signed some forms. But did he understand what having an "estate plan" meant and how to 'move assets' into the numerous (and unnecessary) trusts? No.
And he didn't do anything with it for 27 years - until I reviewed his estate planning documents. Thank goodness my father had not died then. None of my father's assets would have been in the trust. My family would have had to go through probate and we would have had to pay significant taxes - all because the trust was not correctly funded. In fact, even my ex-husband was still named as a beneficiary to my share of the inheritance! When I asked him about it, Dad said, he thought the lawyer had done it - after all he had paid over $7500 in 1990 to do the documents. Dad also said he was sick and tired of getting a bill every time he called his lawyer, so he stopped calling. Out of curiosity, I had my dad call the lawyer to ask for an update of the documents. As expected, the lawyer said that because the documents were so out of date that my father would have to 'basically start over' and pay nearly $15,000 this time. Why didn't the lawyer properly fund all these trusts? Or keep my Dad informed on the changes in the law and adjust to plan to account for changes in our family? Why weren't regular updates done?
Fortunately I was able to sit down with my parents to get their planning updated - including nominating their Power of Attorney in case of their incapacity. Who would have known that just a short six months later, Dad would be diagnosed with brain cancer leaving my Mom overwhelmed and unable to make those important decisions? Fortunately, Dad had named me as his Healthcare Power of Attorney which meant there was one person that hospital staff had to communicate with. BUT then my sister got upset that she wasn't in control and threatened the family and even the hospital for not allowing her to dictate his care. If my Dad had not completed his Healthcare Power of Attorney forms, our family would have had to hire attorneys in Massachusetts and go through a long hearing process just to eventually get one of us appointed. And if my sister had persisted in fighting us, a professional guardian would have been appointed to care for my father. What a disaster that would have been.
So who am I? and Why Estate Planning?
Maybe because I am a former prosecutor, or because of my own personal ethics, but I think what that lawyer did to my Dad is without morals, unprincipled and unethical. When I started this firm, I promised myself that I would always work to "pay-it forward' knowing that building relationships, trust and working hard are the only ways to not only have a thriving successful practice and personal gratification.
After two decades of prosecuting and litigating, I wanted a change and in 2015, I found my niche. I love helping families, (who may sometimes be dysfunctional) and small business owners like myself. I love to establish plans related to temporary passages of power due to incapacity and final passing of financial, intellectual and human assets to the next generation. The areas of business law and estate planning give me the opportunity to be the lawyer who is a trusted advisor and advocate for families, small business owners and singles like myself who may be sandwiched between caring for young adults and elderly parents some with special needs.
Thank you for taking the time to learn about me. I invite you to continue looking at my website to learn more about the exciting and unique business model I use to provide world-class estate planning service to my clients. In the meantime, my door is always open. If you have a question or what to learn more about estate planning, give me a call at 505-808-0234 anytime. I look forward to hearing from you soon!
In loving memory.
To a life well lived.
We miss you every day Dad!