ESTATE PLANNING & ADMINISTRATION

The Reynolds Law Firm, PC provides comprehensive and individualized estate plans that are designed to meet each client's needs. Estate planning ensures that you, your loved ones, and your assets are cared for when you die. A properly prepared estate plan also provides for your own physical, health care, and financial management in the event that you become disabled or incapacitated.  A comprehensive and properly formulated estate plan can minimize estate (death) taxes and that your loved ones are provided for, in the manner you choose.

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We believe that nearly any person can benefit from a good estate plan.  However, if you have any of the following situations or issues, estate planning can be especially important:

 

• You have minor children:  Your estate plan will direct who would care for your children and appoint a trusted person to handle their finances.

• You have concerns about family members or beneficiaries that cannot manage their financial affairs: estate planning can contain lifetime asset protection to prevent these beneficiaries from squandering their inheritance, protecting them from creditors, predators, lawsuits, and divorces.

• You are recently divorced.

• Your spouse or partner has recently died.

• You are in your second (or later) marriage.  

• You have a blended family.

• You are in a committed relationship, including a same-sex relationship, but are not married: Your plan needs to be carefully structured so you and your partner can inherit from each other, as well as ensure that you and your partner can direct each other’s health care, and, if you have minor children, address who cares for them in case of death.

• You have a disabled child or beneficiary: Your plan needs to be carefully structured so they continue to receive their crucial governmental benefits. Even a modest inheritance can cause loss of important benefits such as health care and housing.

• You want to minimize the costs of administration of your estate (financial affairs) if you become disabled/incapacitated and when you die.

• You have a family business and want to ensure it is passed to appropriate recipients or its value maximized upon your death.

• You own real property in more than one state.

• You want to minimize estate (death) taxes when you die.

• You want to be sure that you leave your money and things of value to the people you care about.

• You have beloved pets and companion animals that need to be cared for.

• You want to benefit charities or causes that matter to you.