Clients usually express a desire to draft a will or trust to leave property to loved ones at death. Wills are often used to express deep sentiments toward loved ones, provide specific property distributions, and can include special instructions about the care of minor children.
Trusts are a powerful tool and can avoid the time-consuming and expensive probate process, while also providing estate and gift tax mitigation strategies for those clients with estates over the current exemption amount. Trusts also permit a decedent′s assets to be distributed to others at specific points in a lifecycle, rather than simply upon reaching the age of majority. As a result, our attorneys prepare wills, trusts, powers of attorney, living wills, and charitable giving documents.
Our attorneys often compose wills and trusts in conjunction with a comprehensive analysis of clients’ estate planning needs and objectives. Estate planning provides a mechanism for clients to plan affairs in the event of disability as well as death. Estate planning assists clients in the disposition of property in a way that provides for the desires of clients, avoids tax liability at death, provides planning or the handling of affairs in case of disability, and considers personal medical choices to be made as the natural progression of life nears its end.
We offer legal and practical advice to clients in such matters as Federal Income Tax and Federal Gift and Estate Tax, the disposition of property outside the probate system, life insurance, powers of attorney, and long term care insurance, among others.
Our estate planning attorneys work closely with the firm′s other attorneys to make sure that our clients have access to the best advice on their financial and estate planning needs. We have the breadth of experience and depth of capability required to meet your estate planning challenges.