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Having the proper will and estate plan is important. If you die without a will, the following events may occcur:
For those in the higher tax brackets, a will containing tax-driven trusts can minimize federal estate taxes in your and/or your spouse's estate. A family limited partnership can be utilized to transfer assets to children while allowing you to retain substantial control over those assets.
A properly drafted power of attorney or living will can ensure that your wishes will be carried out, even if you are incapacitated or in a terminal condition.
Services provided in connection with a decedent's estate include probate of the will; legal advice in connection with the collection of estate assets, payment of estate obligations and distribution to beneficiaries; preparation of inheritance, estate and fiduciary income tax returns, and filing estate accounts with the Court.
Areas of Expertise