Estate Planning

In Estate Planning, we are addressing the needs of clients to make sure their affairs are in order, whether the clients are elderly or younger or middle-aged, all who have different concerns about the protection of assets and the distribution of their assets in the event of incapacity or death.

Our clients range from a 30-year-old couple with an infant child to a 95-year-old client who wishes to simply revise his or her Will. We also have clients who are more concerned about estate tax planning, planning for a disabled child, avoiding probate, the distribution of qualified retirement plans or IRAs, planning with life insurance as well as a variety of other issues that can be addressed in our estate planning documents.

Typically, a client will start out with Healthcare Directives, a Durable Power of Attorney and a Last Will and Testament so at least to avoid having assets be required to be paid to heirs under state law that may not be the desire of the individual or the family.

We draft Wills with testamentary trusts to cover all of the concerns of the clients and the client’s desired beneficiaries.

We often also draft Revocable and Irrevocable Trusts for our client’s needs. Revocable Trusts typically cover the client’s desire to avoid probate and an Irrevocable Trust would be done to avoid probate as well as shelter assets from such things as estate taxes, general creditor issues, long term care issues as well as a variety of other reasons.

Below is a list of some of the matters we can assist you with in our estate planning practice.

Powers of Attorney and Gift Riders

Healthcare Directives

Last Will and Testaments with testamentary trusts including but not limited to disclaimer/ credit shelter trusts; supplemental needs trusts; minor trusts; trusts for individuals who need protection from creditors or have some addiction problems

Last Will and Testaments with guardianship clauses for personal needs decisions for minor children

Revocable Living Trusts to avoid probate

Irrevocable Trusts that contain life insurance for estate tax savings and Irrevocable Trusts that can hold other types of assets in planning against creditors and, against estate taxes and for long-term care planning

Family limited partnership and LLCs for estate tax and other planning

Trusts to serve as beneficiaries of IRAs and qualified retirement plans