Whether your assets are modest and few or substantial and diverse, there are considerable benefits from cost-effective and strategic estate planning. At its core, estate planning begins with three key documents: 1) a will, which directs how and to whom one’s assets will be distributed after death; 2) a power of attorney, to enable another person to make financial decisions if you become incapacitated; and 3) a medical power of attorney/living will, which designates another person to make medical decisions for you in the event of incapacity, as well as your wishes for end-of-life care.
But proper estate planning is more than simply having a dusty, decades old will, power of attorney and living will stashed in a drawer somewhere. Estate planning is a continuous process that evolves as life changes — as families grow, as assets are acquired, as new families are formed. Complex portfolios of assets and changing laws make sophisticated estate planning and wealth preservation strategies invaluable.
Our comprehensive estate planning services include:
Our attorneys also represent clients that have been appointed to serve as personal representatives of estates or as trustees of trusts, counseling them through the estate or trust administration process from start to finish. Wise & Blitzer assists clients serving as personal representatives in every area of the probate or administration of an estate; we prepare and file all probate pleadings and forms with the Register of Wills and/or Orphans’ Court, including, but not limited to required inventories, accountings, notices, and reports. We facilitate the payment of the decedent’s liabilities and the proper distribution of assets, including all real estate, in accordance with the decedent’s will or current intestate laws.
The role of serving as the trustee of a trust can range from being a simple task to one that is significantly complex. Wise & Blitzer can assist by ensuring compliance with all fiduciary duties, applicable state and federal law, and the preparation of any accountings and other reports to trust beneficiaries.
Wise & Blitzer also represents personal representatives, trustees, beneficiaries and interested parties in estate litigation, including contested wills or trusts and related disputes concerning an estate.
If you are seeking help in setting up or administering your estate, contact us today to setup your free consultation.