Estate Planning
_We provide assistance and advice in all phases of estate planning. We
work with our clients personally to help them determine and carry out
their goals in the most effective manner. Three planning considerations
we discuss with our clients when estate planning are: asset transfer,
tax planning, and elder law.
Asset transfer: Clients specify what assets will pass to specific beneficiaries. This type of planning is typically accomplished via a will, trust, or outright gift.
Tax planning: Estate and gift taxes are imposed on the transfer of assets over certain limits to beneficiaries. We can help clients evaluate their possible estate tax and utilize multiple strategies available to reduce those taxes.
Elder law: Clients can prepare for the situation where they are no longer able to care for themselves by naming someone they wish to take care of them in the future.
Probate is the process of paying a deceased person's final debts, passing his or her assets on to the designated beneficiaries, and completing necessary documents to administer the estate. We can represent either the personal representative, who is administering the estate, or the beneficiaries to ensure that their rights are protected in this process.
Asset transfer: Clients specify what assets will pass to specific beneficiaries. This type of planning is typically accomplished via a will, trust, or outright gift.
Tax planning: Estate and gift taxes are imposed on the transfer of assets over certain limits to beneficiaries. We can help clients evaluate their possible estate tax and utilize multiple strategies available to reduce those taxes.
Elder law: Clients can prepare for the situation where they are no longer able to care for themselves by naming someone they wish to take care of them in the future.
Probate is the process of paying a deceased person's final debts, passing his or her assets on to the designated beneficiaries, and completing necessary documents to administer the estate. We can represent either the personal representative, who is administering the estate, or the beneficiaries to ensure that their rights are protected in this process.