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Estate Planning and Administration
The firm's estate planning and administration practice assists clients with:
- Wills
- Trusts
- Powers of Attorney
- Living Wills / Advance Directives
- Probate and Estate Administration
- Asset Protection
Wills and Trusts
Wills and trusts are two of the most important elements of estate planning. As the primary method of dividing assets after a person's death, wills must be drafted and executed in accordance with specific legal requirements for them to be valid. It is important to have an experienced estate planning lawyer to help avoid potentially disastrous mistakes.
Trusts can be used in conjunction with or as an alternative to wills. They can be excellent tools for reducing estate taxes, protecting assets from creditors, and managing assets for beneficiaries unable to capably do so themselves.
Probate and Estate Administration
Probate is a required court proceeding whereby a will is declared valid and a personal representative (executor) is appointed to administer the estate, which includes settling the decedent's affairs, paying estate debts and taxes, and transferring the remaining assets to the beneficiaries.