Creating a comprehensive estate plan is crucial to ensure your assets are distributed according to your wishes, minimizing hardship and taxes for your family. Our law firm advises executors, administrators, and trustees on administering estates effectively. Whether you need help preparing your estate or overseeing one, the estate attorneys of DiVernieri, DiVernieri and Cotter, LLP are here to assist you in the best way possible.
A last will and testament, commonly called a will, is the foundation of sound estate planning. It gives detailed instructions to the executor on how to handle your estate after you die, including managing debts and expenses. A comprehensive will is customized for your unique situation. It can also be used to leave assets to a charity, appoint a guardian for minor children, and decide when children should receive their inheritance. Each person's estate is different, and a personalized will ensures your wishes are carried out accordingly.
A trust can be a more suitable option for certain clients seeking to achieve their estate planning goals. It is a legal tool in which an individual, the trustee, manages and distributes assets for the benefit of another party, the beneficiary, as per the trust agreement. Our law firm is experienced in drafting various trusts, including:
Our attorneys can advise on which type of trust is right for you and explain the advantages and disadvantages of each. We can also assist with other types of trusts depending on your unique needs.
In addition to estate planning tools like wills and trusts, our firm offers a range of other important services to help you meet your financial, healthcare, and other goals. These services include:
Creating a living will that outlines your preferences for end-of-life medical care
Drafting a health care power of attorney that designates someone to make medical decisions on your behalf if you are unable to do so
Drafting a durable power of attorney that grants someone the authority to manage your financial and business affairs if you are incapacitated or incompetent
Working to preserve as much of your assets and property as possible for your loved ones after you pass away
Minimizing the costs of probate, estate taxes, and other expenses that could reduce the value of your estate and impact your family's financial security.
Our experienced estate planning attorneys can help you navigate the complexities of these and other issues, and develop a comprehensive plan tailored to your unique circumstances and needs. Contact us today to learn more about how we can assist you.
Administering an estate or trust can be a complex process. If you have been named as an executor or trustee, or if the court has appointed you to administer an estate, our firm can assist you in navigating the rules and procedures that need to be followed.
For executors and administrators, our firm offers assistance with the following:
Our firm also works with trustees to ensure that the trusts under their supervision are managed properly for the beneficiaries. Some of the specific duties we can help trustees with include:
Estate planning may seem daunting, but it is an essential part of securing your and your family's future. Similarly, administering an estate or trust is a significant responsibility that should not be taken lightly. Whether you're in the process of planning or managing an estate, our skilled legal team is available to assist you. Don't hesitate to contact DiVernieri, DiVernieri and Cotter, LLP to schedule your initial consultation.