When people think of estate planning, wills and trusts are the first things that come to mind. However, estate planning encompasses a wide variety of end-of-life planning decisions. At Megerian Law Firm, PLLC, we combine estate planning services with elder law and tax services to help clients find lasting and effective solutions for their estate, their health and their family.

 

Some of the matters handled by our attorneys include:

• Powers of attorney

• Lifetime gifts

• Wills

• Trusts

• Living wills

• Health care proxies

• Family Limited Partnerships (FLP)

• Estate tax planning

 

The Goals of Estate Planning

 

The goals of estate planning are financial and personal in nature. From a financial perspective, careful estate planning can help avoid or reduce estate taxes and preserve a larger share of your legacy for the intended beneficiaries. Assets gifted during life in a correct manner and assets deeded to family members through a trust can have significant tax advantages.      

 

The personal goals of time savings, family protection and general peace of mind are also a powerful benefit of estate planning. The goals of a carefully drafted will include avoidance of probate and a smooth transfer of property to your intended beneficiaries. Trust instruments can provide security for a child or loved one in need of continued support and financial supervision.