Estate and Tax Planning
From complex tax planning to special needs trusts, and
beyond, we know how to build estate plans that are dedicated to meeting your
For more than 50 years, Warner Angle attorneys have helped
people plan for the future. That is exactly what estate planning is: planning
for the future. It is a method of ensuring that your hard-earned assets are
passed on in the manner that you feel is appropriate to the people that are
important to you.
Estate planning has progressed beyond Wills. While a Will
still plays a crucial role in an estate plan, there are other tools that can be
used to accomplish your goals. Among the tools available are:
Trusts (Revocable Trusts, Irrevocable Trusts, Generation
Skipping Trusts, Charitable Foundation Trusts, Special Needs Trusts, Crummy
Trusts and Insurance Trusts)
Annual and lifetime gifting
Durable powers of attorney
Medical directives and living wills
LLCs and partnerships
Non-profits and foundations
When you choose us to assist you with estate and tax
planning, we will incorporate the tools that are right for your situation. To do
that, we take the time to learn about you, your family, your goals and your
vision for the future. With that information we can build a personalized estate
plan for you and recommend a strategic tax plan.
We will provide you with an understanding of the benefits of
the estate plan, including tax planning and potential avoidance of probate. We
will ensure that you have the information you need to understand the tax
planning tools that are available and the benefits for your estate plan.
with Joint Tenancy Ownership In most cases, parents should not enter
into joint tenancy ownership with their children. If you want to avoid probate,
you can designate your children as the beneficiaries upon your death.
Tenancy Ownership Isn't Enough Joint tenancy designations are not
perfect. Joint tenancy tends to give people a false sense of security. Remember
that joint tenancy deals with only the transfer of title on death.
as an Alternative to a Trust Advantages include avoiding the cost and
time associated with probate, and the ability to set up a POD account without
the help of a lawyer.