Estate Planning and Administration

ESTATE PLANNING AND ADMINISTRATION

Planning today. Protecting tomorrow.

A thorough estate plan ensures that you and your loved ones are protected at their most vulnerable times – both during incapacity and at death. In addition to preparing wills, living trusts, powers of attorney for health care and property, and various irrevocable life insurance and gifting trusts, our estate planning attorneys can assist with succession plans for family-owned businesses, guidance for estate and gift tax scenarios, and probate protection. After the planning process is complete, our attorneys represent and guide our clients in the ongoing management of trusts and probate estates. As our population ages, matters of elder law, Medicaid benefit planning, and counsel for Alzheimer’s caregivers affect many of our clients, and we are experienced in all facets of these issues. Our Estate Planning attorneys also regularly advise and assist clients with estate planning, guardianship, and managing financial and medical concerns for children and adults with special needs.

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  • Estate Planning and Administration Law Posts

    Lavelle Law News and Events

    Estate Planning and Gift Tax
    By Heather A. McCollum 08 Dec, 2023
    Tis’ the season of giving, a time of year when individuals everywhere demonstrate their affection with gifts from the heart. Sometimes this means sentimental, homemade presents, but for others, this may mean lavish and expensive gifts. While you may not be on the naughty list this year, you may be on the IRS’ list of Americans whose generosity triggers the federal gift tax!
    Consider the benefits of a charitable remainder trust, a prudent financial planning tool.
    By Meghan R. Hartnett 28 Nov, 2023
    With the holidays fast approaching, the season of giving is upon us. As we know, we often see significant charitable donations throughout the holiday season. But what if you could give the ultimate charitable gift while retaining some significant benefits for yourself? With a charitable remainder trust, commonly known as a “CRT,” you can.
    Revocable Trust vs. Irrevocable Trust…Which One Do I Need?
    By Jackie Luthringshausen 26 Oct, 2023
    Movies like “Knives Out” perpetuate the notion that upon a person’s death, the family must gather for a “reading of the will” to discover who will inherit the deceased family member’s worldly possessions. Contrary to this dramatic movie script depiction, most estates are administered without arranging a family gathering for a “reading of the will.” Additionally, if the decedent had a trust, it is the trust, and not the will, which governs how the decedent’s assets will be distributed after his or her death. Often, clients come into our office for an estate planning consultation and initially say, “I need a will.” However, after we discuss the differences between a will and a trust, many clients opt to prepare a trust instead.
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