ESTATE PLANNING

Trusts

Assist clients to create trusts.

There are several types of trusts, the most popular is a revocable trust.

Estate Tax Planning

Guide clients, who possess property in the U.S. and/or overseas, through the process of estate planning—coordinating financial affairs to secure the greatest economic security for clients and their families.

Assist individuals, who possess property in the U.S. and/or overseas, to determine whether they will need to pay estate taxes.

If clients would be required to pay estate taxes, we can offer suggestions about how to minimize or avoid those taxes.

Wills

Assist individuals to draft a will.

The intention of the decedent as expressed in the will is to be given effect by the courts, unless contrary to law or public policy. Will takes effect at the testator's death.

Act as Executor or Administrator for Probating Wills

Assist beneficiaries and/or heirs of a decedent by acting as the executor or administrator of a will either by legal or testamentary proceeding.

The first step is for the person named in a will as executor to file papers in the local probate court.

If there is not any will (a person dies intestate), or the will fails to name an executor, the probate court names an administrator (legal probate).

Health Care Proxy

The cost of administering an estate may be significantly greater when there is no will.

Assist clients to prepare a health care proxy.

There are two situations in which a health care agent is needed:

Power of Attorney and Guardianship

Assist clients to create a Power of Attorney. A POA is a legal instrument that is used to delegate legal authority to another on your behalf to make property, financial and other legal decisions.

A person can give another person broad legal authority, or very limited authority. The Power of Attorney is frequently used to help in the event of a Principal's illness or disability, or in legal transactions where the principal cannot be present to sign necessary legal documents.

POAs are also helpful in avoiding the expense of having a court appoint a Guardian to handle the Principal's affairs in the event of incompetence or disability.