Traditionally, reference to the term “Estate Planning” means the design and implementation of a plan to transfer wealth to loved ones, whether current or future generations, while minimizing the impact of gift, death and inheritance taxes. We provide services to clients seeking traditional estate planning by use of the appropriate legal instrument to transfer wealth, such as by means of simple and complex wills, living and testamentary trusts, powers of attorney, and the use of life insurance and management of retirement plans. We minimize the gift, estate, inheritance and income tax consequences by keeping abreast of the applicable federal and state tax codes, regulations and rulings. We work with tax, insurance, retirement, pension and financial specialists, whether they be members of our team or the client’s own advisors, in order to achieve the best possible solution for our clients.
Because our practice also concentrates in elder law, long-term care and special needs planning we are able to combine and coordinate these disciplines in order to achieve a broader and more useful estate plan than “traditional” estate planning normally encompasses.
When we complete an estate plan we tell our clients they can rest assured that their asset protection and wealth transfer goals have been addressed. They leave the office with the knowledge and comfort that the “tools” to achieve their goals have been put in place and whenever appropriate and necessary, immediately implemented.