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Our Estate Planning Practice |
 Our estate planning practice offers advice to clients on all aspects of
estate planning including minimizing the estate, gift, and
generation-skipping transfer tax burdens on our clients and their
families. After evaluating fiscal and familial circumstances, we help
our clients create estate plans that best suit their individual situations.
We then create the documents necessary to carry out a client's wishes
to optimize the future financial potential of the client's assets.
We provide careful analysis of the estate, gift and income tax
consequences of an estate plan. We plan for the orderly and
tax-efficient transfer of assets while minimizing administrative
overhead. The documents we design help ensure the interests of
future beneficiaries.
We also counsel clients on the implications of naming individuals,
trusts and/or charities as beneficiaries of retirement plan assets (i.e.,
IRAs, 401(k) plans, 403(b) plans, Keoghs, etc.). |
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Estate Administration |
The administration of an estate describes managing the assets of a
deceased individual. We counsel personal representatives of an
estate (i.e., executors, trustees, administrations, etc.) in connection
with the tasks and responsibilities (i.e., duties) associated with the
collection, valuation and distribution of the estate assets and in the
preparation of estate tax returns (if such returns are necessary). We
advise personal representatives on all aspects of administration
including the interpretation of the Will or trust instrument, the personal
representative's potential liability, and the preparation and settlement
of their financial records.
We also advise beneficiaries of trusts and estates regarding their
rights and entitlements. We review accounts and receipts, release,
refunding, and indemnification agreements for beneficiaries to ensure
that the fiduciaries performed their roles honestly, fairly and in the
beneficiaries' best interest according to the California Probate Code.
We also counsel beneficiaries of estates on the tax consequences of
disclaiming assets.
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