Estate planning is the process by which an individual arranges for the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for the individual prior to death. Every individual’s estate is somewhat unique, based on the size of the estate, the nature and location of the assets, the individual’s family members and how the individual wants to see the assets used after death. In larger estates, a major concern may be federal and state estate taxes.
Many different kinds of documents and devices are available to accomplish the estate planning objectives determined by our clients after consulting with one of our attorneys practicing in this area.
Those available documents and devices include:
- Wills – which can be very simple or very complex and include various types of trusts
- Lifetime Trusts, that is, trust agreements which are funded and administered during one’s lifetime
- Powers of Attorney.
- Living Wills and Health Care Proxies
- Appointment of Agent to Control Disposition of Remains
- Family Limited Partnerships or Limited Liability Companies
Please feel free to contact any of our attorneys who engage in this practice:
- Paul E. Pontiff
- Alan R. Rhodes
- Robert S. McMillen
- Philip C. McIntire
- Patricia E. Watkins
- James R. Burkett
- Stefanie DiLallo Bitter