At A. Schancupp & Associates, L.L.C., our attorneys are well versed in the intricacies of estate planning and probate administration, and as a result, clients look to us for asset protection and minimization of monetary loss through taxation.
Wills, Trusts & Estates
An important step for any estate, no matter what size, is drafting a will and, when appropriate, also devising a trust that not only ensures financial security during retirement, but also offers future guidelines, provisions and protection for the family in the event that a family member dies. Crafting a trust that safeguards and compliments the unique aspects of an estate requires an experienced attorney who, based on accurate financial analysis, is capable of evaluating the appropriate type of trust, along with incorporating terms and conditions that satisfy particular client needs. Proper legal guidance in drafting and reviewing a trust also addresses the desired provisions for children and grandchildren. In many cases when a trust is drawn up, it is also advised to draw up a will so aspects of the estate not covered by the trust are certain to be addressed.
Living Wills
A living will defines one's wishes of how medical treatment will be administered in the event of a terminal illness or condition, such as to what extent resuscitation and life support measures are to be continued, as well as the use of feeding tubes and drugs for pain. Making these vital decisions ahead of time and consulting an attorney who has extensive experience in drafting and reviewing living wills can not only ensure a client's wishes are carried out, but also saves considerable anxiety for their family when facing these medical issues.
Powers of Attorney
Establishing a power of attorney allows a family member who has become mentally or physically incapacitated to have their financial affairs managed by a person that they trust, one that they would choose as their legal representative. Our attorneys at A. Schancupp & Associates, L.L.C. assist clients by explaining the different kinds of powers of attorney appropriate for various situations.
Conservatorship/Guardianship
In the event that a parent or relative is no longer capable of managing his or her own affairs and assets, our estate planning and elder law attorneys help clients understand the legal options available, such as Guardianships and Conservatorships. The elderly who develop Alzheimer's, dementia or other mental or physical disabilities find themselves unable to cope and handle their daily activities and finances. By establishing a Guardianship or Conservatorship, legal assistance can be provided to safeguard their welfare and assets
Estate and Lifetime Planning
Careful and detailed estate planning enables Decedent's, upon their death, to provide for the future financial well-being of their families. Lifetime planning, through the proper gifting of assets, reduces the gift-giver's future estate tax obligations, and provides a better lifestyle and financial security to the recipients of such gifts.
Estate and Lifetime Planning for Domestic Partners
Estate and lifetime planning is a necessity for individuals involved in a domestic partnership to ensure that the assets of a domestic partner are administered and/or distributed in accordance with one's wishes. Furthermore, such planning addresses issues such as guardianship of children, medical and healthcare provider decisions and the rights and obligations of domestic partners.
Probate and Estate Administration
Our attorneys at A. Schancupp & Associates, L.L.C. effectively ease clients through the probate system, saving unnecessary court costs, time and added expense. Our attorneys will probate the will or assist with the appointment of an administrator, and distribute the decedent's assets in accordance with the estate planning documents or laws of intestacy. Our estate administration services include collection of assets, preparation of all documents necessary for the administration and termination of an estate, preparation of State and Federal Estate Tax Returns, payment of debts and taxes, and distribution of inheritances to beneficiaries and heirs.
Arrange a Consultation Today
At A. Schancupp & Associates, L.L.C., we welcome the opportunity to discuss your legal matter. Please call our firm at 973-559-5978, or for your convenience, you may arrange a consultation by e-mail.
