Estate Planning

Many people believe that estate planning is only for people who are particularly wealthy, have elaborate schemes in mind for passing their money to their heirs, or for people who are acutely ill and contemplating their death. This could not be farther from the truth! Estate planning is for every husband, wife, mother, father, grandparent, business owner, professional, or anyone else who has someone they care about, are concerned about providing responsibly for their own well being and for the well being of those they love, and for anyone who seeks to make a difference in the lives of others after they are gone. Estate planning is not only death planning, but its life planning and an essential and rewarding process for individuals and families who engage in it. When done properly, estate planning requires that a highly trained individual lead you through one or more in-depth meetings to uncover your hopes, fears, and expectations for yourself and for those who are most important to you. This process almost always requires the preparation of several sophisticated legal documents, but those documents themselves are not estate planning. Planning is a process, represented by a complete strategy that is properly documented and maintained by a professional who has taken the time to get to know you, and who is committed to continuing to serve you.At The Schatzman Law Firm, we regularly create plans that rely on one or more of the following planning techniques:

  • The preparation of wills and trusts and related ancillary documents, including revocable living trusts, to control the disposition of property upon death, avoid probate, and to protect against incapacity or disability during life.
  • The creation of life insurance trusts to keep insurance proceeds out of the taxable estate and to ensure that life insurance proceeds are protected and invested for the protection of the beneficiaries.
  • The preparation of living will and health care powers of attorney to protect our clients against subsequent incapacity and/or disability.
  • Estate planning for second marriages.
  • Estate planning with special needs trusts for families with special needs children and beneficiaries.

Comprehensive Estate and Tax Planning:

There are many things to consider when planning your estate. It is important to have an attorney who will listen to your needs and explain your options so that your wishes will be fulfilled. Attorneys at The Schatzman Law Firm will work with you to ensure that your estate passes according to your wishes while minimizing your estate taxes.