Specialty Trusts

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THE ULTIMATE GUIDE TO ESTATE PLANNING IN VIRGINIA


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Estate planning at its core is planning for the future. It empowers individuals now to have future wishes and decisions regarding their health, finances, and family laid out in the case of disability or death. When we talk of estate planning we usually talk about trusts, will, power of attorney, and health care directives.



Secure your legacy and give your family peace of mind. Contact us today to begin your estate planning journey.

Understanding Specialty Trusts

Tailored Solutions for Unique Estate Planning Needs


Specialty trusts are powerful tools that address specific goals and circumstances, offering flexibility and protection beyond standard estate planning options. At SMITH | ASHCRAFT, we help you create customized trusts designed to meet your unique needs and safeguard your legacy.

Types of Specialty Trusts


Special Needs Trusts


  • Provides financial support for a loved one with disabilities without jeopardizing their eligibility for government benefits such as Medicaid or SSI.
  • Ensures long-term care and quality of life.


Learn More About Specialty Needs Trusts

Spendthrift Trusts


  • Protects assets from being mismanaged by beneficiaries who may struggle with financial responsibility.
  • Prevents creditors from accessing trust funds.


Learn More About Spendthrift Trusts

Charitable Trusts


  • Enables you to support causes you care about while enjoying tax benefits.
  • Types include:
  • Charitable Remainder Trusts: Provide income to you or your beneficiaries for a set period, with the remainder going to charity.
  • Charitable Lead Trusts: Benefit a charity for a specified time before transferring the remaining assets to your heirs.


Learn More About Charitable Trusts

Pet Trusts


  • Ensures the care and financial support of your beloved pets after your passing.
  • Names a caregiver and provides funds for their ongoing needs.


Learn More About Pet Trusts

Life Insurance Trusts


  • Manages life insurance proceeds to reduce estate taxes and provide for your beneficiaries.
  • Keeps insurance payouts out of the taxable estate.


Learn More About Life Insurance Trusts

Dynasty Trusts


  • Preserves wealth for multiple generations.
  • Minimizes estate taxes and protects assets from creditors or divorces.


Learn More About Dynasty Trusts

Gun Trusts


  • Allow ease of firearm transfer
  • Ensures legal compliance with NFA regulations
  • Allow multiple trustees to be named
  • Allows for greater privacy
  • Avoids legal issues such as unintentional possession of firearms


Learn More About Gun Trusts

Business Owners


For business owners, estate planning can include:


  • Buy-Sell Agreements: Arrangements for the transfer of business ownership.
  • Succession Planning: Preparing for a smooth transition of leadership.


Learn More About Business Owner Trusts

Benefits of Specialty Trusts


  • Customization: Tailored to fit your specific goals.
  • Asset Protection: Safeguards your wealth from legal or financial risks.
  • Tax Efficiency: Reduces tax burdens for you and your beneficiaries.
  • Legacy Planning: Ensures your wishes are honored for generations.


Why Choose SMITH | ASHCRAFT?


Specialty trusts require detailed planning and expert guidance. Our attorneys are well-versed in creating and managing these trusts, ensuring they align with your long-term goals and provide the maximum benefits.

Contact us today to learn how specialty trusts can enhance your estate plan and provide peace of mind for you and your loved ones.

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*Please note, submitting this form does not create an attorney-client relationship.

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Let us help you take the first step toward a fresh start. Contact us today.

*Please note, submitting this form does not create an attorney-client relationship.

WHAT OUR CLIENTS THINK

Personable & Professional

You will not find a more personable and professional attorney! My interaction in working with Jacob Smith has been one of the best experiences! Knowledgeable, empathetic and a tenacious attorney who gets it done!

Fantastic Attorney

I am so very impressed with the work that my lawyer did for me and my case. He researched my domestic violence harassment case for many hours and months before we took the case to trial and won. His rapport with the judge and jury and prosecutors showed his great integrity and professionalism and intelligence. He takes his work very seriously and is very good at it.

Excellent Team

Mr. Jacob Smith and his team were excellent. Very friendly and took the time to clearly explain how everything works and what my options were. Will definitely use them again if I ever have need.

You Feel Safe

Very family oriented and you feel safe that you're being treated well and taken care of. I could not have done this without Drew.

Highly Recommended

Jacob Smith did an amazing job on my case. I highly recommend him.

Fair & Favorable Outcomes

I am coming to the end of my divorce process. I cannot speak highly enough of the representation I received by Drew Ashcraft. The settlement that we reached is fair to both parties. I could not have imagined such a fair but favorable outcome when the process began.

He Knows His Stuff

He knows his stuff and he got me my son and I am happy.

Time & Effort

Really appreciate the time and effort your practice has put into my case... Thanx for representing me.

Helpful & Friendly

I had an excellent experience with Jacob Smith and his paralegal Christy Adams. They both were extremely knowledgeable, helpful, and very friendly too. They took the anxiety out of getting divorced and got it done for me very quickly and effectively. I am so glad that I found them!

Upfront & Honest

Drew A. has been right by my side during this difficult time. Upfront, honest & consoling me thru this unexpected life change. I have no doubts that he will argue for what I deserve.

Comforting Attorney

Jacob Smith is a great family man and very personable. He helped me navigate through uncharted territories in an extremely difficult untangling of a long marriage. You will be comforted by his guidance and reassuring demeanor.

Exceptional Work

Drew Ashcraft, he's my attorney.

His work is exceptional. Information is very detailed and understanding. Phone calls return in a timely manner.

We're happy with our choice!

My Go-To Attorney

Jacob E. Smith is a careful, experienced lawyer. He is my go-to person when I have questions related to family law, divorce, and/or custody. I trust Jacob E. Smith.

Personable & Professional

You will not find a more personable and professional attorney! My interaction in working with Jacob Smith has been one of the best experiences! Knowledgeable, empathetic and a tenacious attorney who gets it done!

Fantastic Attorney

I am so very impressed with the work that my lawyer did for me and my case. He researched my domestic violence harassment case for many hours and months before we took the case to trial and won. His rapport with the judge and jury and prosecutors showed his great integrity and professionalism and intelligence. He takes his work very seriously and is very good at it.

Excellent Team

Mr. Jacob Smith and his team were excellent. Very friendly and took the time to clearly explain how everything works and what my options were. Will definitely use them again if I ever have need.

You Feel Safe

Very family oriented and you feel safe that you're being treated well and taken care of. I could not have done this without Drew.

Highly Recommended

Jacob Smith did an amazing job on my case. I highly recommend him.

Fair & Favorable Outcomes

I am coming to the end of my divorce process. I cannot speak highly enough of the representation I received by Drew Ashcraft. The settlement that we reached is fair to both parties. I could not have imagined such a fair but favorable outcome when the process began.

He Knows His Stuff

He knows his stuff and he got me my son and I am happy.

Time & Effort

Really appreciate the time and effort your practice has put into my case... Thanx for representing me.

Helpful & Friendly

I had an excellent experience with Jacob Smith and his paralegal Christy Adams. They both were extremely knowledgeable, helpful, and very friendly too. They took the anxiety out of getting divorced and got it done for me very quickly and effectively. I am so glad that I found them!

Upfront & Honest

Drew A. has been right by my side during this difficult time. Upfront, honest & consoling me thru this unexpected life change. I have no doubts that he will argue for what I deserve.

Comforting Attorney

Jacob Smith is a great family man and very personable. He helped me navigate through uncharted territories in an extremely difficult untangling of a long marriage. You will be comforted by his guidance and reassuring demeanor.

Exceptional Work

Drew Ashcraft, he's my attorney.

His work is exceptional. Information is very detailed and understanding. Phone calls return in a timely manner.

We're happy with our choice!

My Go-To Attorney

Jacob E. Smith is a careful, experienced lawyer. He is my go-to person when I have questions related to family law, divorce, and/or custody. I trust Jacob E. Smith.

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We are ready to help you plan for your future!

Call or text us at 804-773-1751

FREE GUIDE TO ESTATE PLANNING


THE ULTIMATE GUIDE TO ESTATE PLANNING IN VIRGINIA


GET YOUR FREE GUIDE NOW >

Why choose us?

Estate planning is a deeply personal process, and choosing the right attorney makes all the difference. At SMITH | ASHCRAFT, we bring expertise, compassion, and a client-focused approach to every estate plan we create.


Your legacy deserves careful planning and expert guidance. Contact SMITH | ASHCRAFT today to see how we can help protect what matters most.

We are ready to help you plan for your future!

Call or text us at 804-773-1751

Your Future Is Now!

Secure Your Legacy: Comprehensive Estate Planning for Peace of Mind

Why choose us?

Estate planning is a deeply personal process, and choosing the right attorney makes all the difference. At SMITH | ASHCRAFT, we bring expertise, compassion, and a client-focused approach to every estate plan we create.


Your legacy deserves careful planning and expert guidance. Contact SMITH | ASHCRAFT today to see how we can help protect what matters most.

Our Focus

Strategic Litigation

At SMITH | ASHCRAFT, we believe that every case deserves a tailored approach designed to achieve the best possible outcome. Our commitment to strategic litigation means we carefully assess each client's unique needs, set clear goals, and craft a precise, powerful legal strategy. From in-depth case analysis to rigorous advocacy, we employ our expertise and insights to navigate complexities, anticipate challenges, and pursue success at every step. Let us be the decisive advantage in your corner.

Aggressive Defense

At SMITH | ASHCRAFT, we don’t just defend—we fight. Our aggressive defense approach means we leave no stone unturned in challenging every aspect of the case against you. From thorough investigation to forceful courtroom advocacy, we take a proactive stance to protect your rights and secure the best possible outcome. When the stakes are high, you need a team that’s prepared to push back. Trust us to stand by you with a fierce commitment to your defense.

Thoughtful Planning

At SMITH | ASHCRAFT, we understand that successful legal outcomes start with careful planning. Our approach is rooted in thoughtfulness, ensuring that every step of your case is meticulously analyzed to anticipate challenges and seize opportunities. Whether you’re navigating complex family matters, preparing for the future, or seeking resolution in sensitive disputes, our commitment to thoughtful, strategic planning gives you the confidence of a clear path forward. Let us help you make informed decisions today for a stronger tomorrow.

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What Our Clients Have To Say

I had an excellent experience with Jacob Smith and his paralegal Christy Adams. They both were extremely knowledgeable, helpful, and very friendly too. They took the anxiety out of getting divorced and got it done for me very quickly and effectively. I am so glad that I found them!

Nancy H.

Very family oriented and you feel safe that you're being treated well and taken care of. I could not have done this without Drew.

Shelby H.

Jacob E. Smith is a careful, experienced lawyer. He is my go-to person when I have questions related to family law, divorce, and/or custody. I trust Jacob E. Smith

Nathan B.

Drew A. has been right by my side during this difficult time. Upfront, honest & consoling me thru this unexpected life change. I have no doubts that he will argue for what I deserve.

Karen A.

There's no where in Virginia that we don’t know

At SMITH | ASHCRAFT, we are proud to offer comprehensive legal services throughout Virginia. Whether you’re in Richmond, Northern Virginia, the far reaches of Roanoke, or any other part of the state, our experienced team is here to provide experienced representation tailored to your unique needs. No matter where you are in Virginia, we’re committed to delivering the same high level of service and dedication to each client, ensuring your case receives the attention it deserves.



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*Please note, submitting this form does not create an attorney-client relationship.