State and federal laws that impact estate planning are constantly changing. At
Callaghan Parente we are committed to staying on top of this ever-changing area of
law. We recognize that you have worked hard for what you have. That is why you
need the assistance of dedicated experienced attorneys to devise a wealth
preservation strategy to ensure that you optimize the goals set for your nest egg.
Whether it be for your own retirement, college planning, a vacation home, or other
objectives, proper planning is essential to help ensure that upon death your assets
are distributed according to your wishes, without payment of unnecessary taxes.
With proper planning you can protect your estate and retain more of your assets,
while leaving a lasting legacy for your family. The first step is to have an Estate
Planning Check-up.
A thorough estate plan takes into consideration wealth preservation with an eye
toward minimizing or eliminating unnecessary estate tax liability and ensuring the
smooth transition of assets to designated people or entities. A thorough estate plan
should consider Medicaid and long-term care planning, and can provide for minor
children and dependant adults, when necessary.
Many estate plans include wills and/or trusts, as well as powers of attorney and
health care directives. In some cases, more elaborate or individualized legal plans
are necessary for proper estate planning. Some of these more complex techniques
include various types of trusts, family limited partnerships (FLPs) and limited
liability companies (LLCs). We are also experienced in creating Special Needs
Trusts for a child or other family member who is unable to manage his or her own
assets.
Medicaid planning is an important consideration in the estate planning process. A
significant number Americans will eventually spend some time in a nursing home.
Effective Medicaid planning, like good estate planning, will help to ensure that
precious assets are not needlessly spent on health care, that critical public health
benefits are not compromised, and that there your assets are preserved for
distribution according to your wishes.
Equally important to the estate planning process is establishing procedures that
guide your designated decision-makers in the future, and ensure that your final
wishes are honored. There are many acceptable ways to plan for all the stages of
your life. We can assist you and your family through the creation of living wills in
consideration of possible health-care related decisions, as well as the creation of
health care proxies, trusts, and powers of attorney.
If you have children, it is important to consider the possibility of drafting a will with the
added provisions of a minor’s trust, as well as a provision for the guardianship of
your minor children.
Callaghan Parente we are committed to staying on top of this ever-changing area of
law. We recognize that you have worked hard for what you have. That is why you
need the assistance of dedicated experienced attorneys to devise a wealth
preservation strategy to ensure that you optimize the goals set for your nest egg.
Whether it be for your own retirement, college planning, a vacation home, or other
objectives, proper planning is essential to help ensure that upon death your assets
are distributed according to your wishes, without payment of unnecessary taxes.
With proper planning you can protect your estate and retain more of your assets,
while leaving a lasting legacy for your family. The first step is to have an Estate
Planning Check-up.
A thorough estate plan takes into consideration wealth preservation with an eye
toward minimizing or eliminating unnecessary estate tax liability and ensuring the
smooth transition of assets to designated people or entities. A thorough estate plan
should consider Medicaid and long-term care planning, and can provide for minor
children and dependant adults, when necessary.
Many estate plans include wills and/or trusts, as well as powers of attorney and
health care directives. In some cases, more elaborate or individualized legal plans
are necessary for proper estate planning. Some of these more complex techniques
include various types of trusts, family limited partnerships (FLPs) and limited
liability companies (LLCs). We are also experienced in creating Special Needs
Trusts for a child or other family member who is unable to manage his or her own
assets.
Medicaid planning is an important consideration in the estate planning process. A
significant number Americans will eventually spend some time in a nursing home.
Effective Medicaid planning, like good estate planning, will help to ensure that
precious assets are not needlessly spent on health care, that critical public health
benefits are not compromised, and that there your assets are preserved for
distribution according to your wishes.
Equally important to the estate planning process is establishing procedures that
guide your designated decision-makers in the future, and ensure that your final
wishes are honored. There are many acceptable ways to plan for all the stages of
your life. We can assist you and your family through the creation of living wills in
consideration of possible health-care related decisions, as well as the creation of
health care proxies, trusts, and powers of attorney.
If you have children, it is important to consider the possibility of drafting a will with the
added provisions of a minor’s trust, as well as a provision for the guardianship of
your minor children.
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Estate Planning