Estate Planning & Administration

A. Estate Planning

 

We feel that we plan better on the “front end” because we know what the “back end” (the implementation/administration of a plan) looks like in practice, not just theory.  

 

  1. Powers of Attorney, Living Wills, & Advanced Health Care Directives

  2. Sub-Trusts for Minors and Beneficiaries with limited Financial Skills

  3. Trust & Wills

  4. Special Needs Trusts

  5. Federal Estate, Gift & Generation Skipping Tax Planning

 

B. Estate Administration

 

Many Attorneys do not emphasize that a Fiduciary should do the things that keep everyone adequately informed and keep the Fiduciary’s liability to a minimum.  This generally includes “administrative” items that are not just mere legally required formalities, but a means of heading off problems before they develop.  We do emphasize this because one of our “gold-standards” is to keep the Fiduciary out of litigation.

 

  • Decedent’s Trust Administration

 

          1. Tax ID #s

          2. Proof of Authority, Collecting Assets and Proper Timing of Payment of Claims

          3. Beneficiary Distributions, Communications & Management

          4. Accountings

          5. Estate Tax Return Preparation

          6. Working with Accountant for Fiduciary Income Tax Returns

 

  • Probate Administration

 

          1. Tax ID #s

          2. Court Required Paperwork

          3. Proof of Authority, Collecting Assets and Proper Timing of Payment of Claims

          4. Beneficiary Distributions, Communications & Management

          5. Accountings

          6. Estate Tax Return Preparation

          7. Working with Accountant for Fiduciary Income Tax Returns

 

  • Guardian & Conservatorships

 

          1. Court Required Paperwork

          2. Annual Guardian’s Reports

          3. Party Communications & Management

          4. Accountings

          5. Working with Accountant for any Individual Income Tax Returns

 

  • Ongoing Trust Administration for Incapacitated Grantors & Sub-Trusts

 

          1. Tax ID #s

          2. Court Required Paperwork

          3. Beneficiary Distributions, Communications & Management

          4. Accountings

          5. Counseling Income Distributions & Income Tax Consequences

          6. Working with Accountant for Fiduciary Income Tax Returns

 

  • Attorney in Fact Administration

 

        1. Physician’s Statements Declaring Disability

        2. Proof of Authority, Collecting Assets and Payment of Claims

        3. Beneficiary Distributions, Communications & Management

        4. Accountings

        5. Working with Accountant for Individual Income Tax Returns