Estate Planning & Administration Of Estates And Trusts

A common goal for us all is to provide comfort for those we love upon our death. You have worked very hard to achieve the success you enjoy and the financial security your created for your family. Protecting them and preserving your wealth after your passing should be at the top of your list of goals. Estate Planning is critical to achieving those goals. Too often people are too busy or just want to avoid thinking of what will happen upon their death.

There is no greater gift you can give your loved ones than the protection, comfort, and peace provided by a well constructed Estate Plan that springs into action effectively and efficiently to comfort them immediately after you pass. At Providence Law Group we will assist you in every way to create that smooth and comforting transition for their benefit. Our first objective is learn as much as possible about, your family members, and your family dynamics to better understand your concerns and needs for your family.

This will assist us in helping your to set your Estate Planning goals before we begin crafting documents to construct your Estate Plan. We will begin by explaining the purpose of the various documents available to create an effective Estate Plan including the following:

  • Wills
  • Revocable Living Trusts
  • Irrevocable Trusts including Life Insurance Trusts
  • Durable Power of Attorney
  • Living Will
  • Appointment of Health Care Surrogate
  • Charitable Trusts
  • Grantor Retained Annuity Trusts
  • Personal Residence Trusts

In addition, we advise you in the following areas:

  • Aligning your Estate Plan with those of your family members
  • Caring for your family during any periods of temporary incapacity
  • Transfer and proper titling of your assets to implement your Estate Plan
  • Avoiding or minimizing your Estate tax or planning for the payment of any such tax
  • Your retirement plans, IRA’s, 401K’s, profit sharing plans, and other beneficiary designations
  • Business succession
  • Tax efficient gifting to your family members
  • Charitable giving
  • Alternative tools and methods of estate planning

We work with your other professional advisers including your life insurance agent, your investment broker, and your certified public accountant to fine tune your Estate Plan and insure that it is consistent with their expert advise and the plans they developed for your wealth accumulation and preservation.

Our commitment to you and your family doesn’t end with the creation of your Estate Plan. We will meet with you periodically to review your plan; making adjustments as your estate evolves. We will be there to assist your family during the difficult times after your passing. We strive to create a relationship with your entire family during your life so they are comfortable with us and learn to know and trust our professional and personal service. Our services to your family continue with counseling and, if necessary, performing the following additional services after your death:

  • Implementing your Estate Plan including distribution of your estate and/or trusts.
  • Probating your Estate if necessary, to protect your family against creditor or other claims, pay your debts, and comply with the law in regard to the need to probate.
  • Administering any trusts you may have created as part of your Estate Plan.
  • Advising your Personal Representative and/or Trustee as to their fiduciary duties and powers.
  • Managing any ancillary probate necessary in other states where you may have property not previously transferred to your trust.
  • Assisting in the identification of your assets and the transfer of those assets in accordance with your wishes expressed in your Estate Plan.
  • Claiming assets that each may be entitled to as a result of your beneficiary designation.
  • Creating their Estate Plans to continue the preservation of wealth and comfort for their families.

Still Have Questions? We Can Help You.