ESTATE PLANNINNG

Estate Planning is an important process to help an individual think about and consider how their lives will be managed, while still alive, and the disposition of their property after death.  The planning also includes the disposition of organs through organ donation, if the individual so desires.  The planning includes planning for incapacity.  It is also important for an individual to talk with their family members about their planning, so that family members will know what to do and how to proceed after the death of the individual.  Estate Planning is also important for parents of minor children to name a guardian for their children.  Estate Planning also affords an individual the opportunity to minimize the various taxes associated with an estate (i.e., estate, generation skipping transfer, gift, etc.)  All in all, planning allows an individual a say so in what happens to them if they are ever incapacitated and ultimately, at their death.  If not, the Government will dictate how what they worked so hard to attain will be distributed.

Our Firm is intentional on making the Estate Planning process rewarding and educational.  Each document is explained in detail.  The documents include but are not limited to the following:

  • Last Will and Testament
  • Advance Medical Directive, Durable Health Care Power of Attorney or Living Will
  • Durable Power of Attorney for Finances
  • Revocable Trusts
  • Uniform Gift to Minors Trust
  • Business Success Planning

Understanding that each family scenario is different, our Firm takes the time to work diligently to ensure that each plan is comprehensive and meets the needs of the family.

Probate and Estate Administration

The Probate process and administration of an estate can be extremely confusing and difficult for an individual to navigate.  Our Firm brings experience and expertise to this process, having gone through the process first-hand.  Upon an individual’s death, depending on their estate plan will determine if a probate estate must be opened where the individual maintained their residence.  If the individual had a Last Will and Testament, the document typically nominates an Executor, also called a personal representative.  There are a number of steps that must take place to complete this process.  The steps include but are not limited to the following:

  • Preparing and filing documents required to open the probate estate
  • Identifying, locating, securing, and inventorying assets
  • Notifying heirs and creditors of probate proceedings
  • Payment of legitimate claims against the state
  • Preparation of state and federal estate tax returns

Our Firm also assists heirs and beneficiaries of an estate in understanding and preserving
their rights.