Estate Planning & Admin

Estate Planning & Administration Attorney

Estate Planning

Estate planning consists of both the current transfer of assets and the preparation of documents in order to accomplish the transfer of clients' assets, with minimal taxation, at the time of death. The transfer of assets is performed in a means consistent with the exemptions provided by state and federal gift tax laws, including the annual exclusion, the unified credit, and the specific exemption.

The appropriate documentation consists of wills, powers of attorney, health care powers of attorney, and living wills. Wills provide a means of transferring one's assets to others, at the time of death; wills further provide one with the opportunity to establish trusts, both for minors and adults, and to designate the person who will manage the estate.

Wills

We are committed to providing personal, professional, and high-quality services to each client, and we have a genuine concern for your wellbeing. We prepare wills on your behalf to ensure your intentions, wishes and desires are made known to the appropriate parties and carried out after you have passed. We will also help your heirs to avoid any conflict.

Power of Attorney

There may come a time when you are not able to care for yourself physically or mentally or handle your affairs. When this occurs or even before this occurs, Richard A Faltenovich Attorney At Law is here to assist you with establishing a Power of Attorney. It authorizes one person to make financial and legal decisions on your behalf, such as pay your bills, or run your business. Power of Attorney and guardianship decisions may not be limited to times when you are unable to make your own decisions. In fact, as long as there is someone you trust, it is usually a good idea to have such a document, regardless of your age, as having one can avoid significant legal difficulties should the unforeseen arise. We would be happy to discuss with you the pros and cons of having such a document, one important advantage of it being that it may avoid a future and far more complex guardianship proceeding, and the protections we can include within it.