Estate Planning is the process of preparing a strategy to preserve and manage assets and wealth during a person’s lifetime while maximizing retention of control and benefit with the least amount of Federal and State tax implications. Estate planning also involves coordinating a plan to transfer the owner’s estate to their designated beneficiaries at death while taking into account each family’s unique situation and dynamics. Estate planning concerns minimizing or eliminating Federal and State income, estate, gift, & GST Taxes; preparing for incapacity; reducing or avoiding probate; asset protection and facilitating a plan for the most efficient estate settlement.[View More]
Probate is the legal process of administering a decedent’s estate with the probate court. This process includes determining the beneficiaries, management of assets, payment of any debts, creditors and administration expenses, distribution of the remaining assets to the beneficiaries, and determination of homestead. Only assets solely in the decedent’s name and not otherwise disposed of by operation of law or beneficiary designations are subject to probate. [View More]
The administration of trust involves much of the same tasks performed by a Personal Representative in connection with the administration of a probate estate. At the death of the grantor of a revocable trust, the successor trustee must determine and account to the beneficiaries, manage trust assets, pay of any debts, creditors and administration expenses, file any necessary tax returns and distribute the remaining assets to the beneficiaries. We represent trust beneficiaries and trustees during the trust administration process. [View More]
At Studenberg Law we often become the “general counsel” for our clients, representing them (or working with other attorneys and professionals) on many matters that are not strictly related to trusts and estates. These services include representation of family and small business matters and succession planning. We provide legal services for the creation, protection and growth of businesses. [View More]
Studenberg Law is prepared to help you handle and plan for Federal Estate, Gift, and Generation Skipping Transfer (GST) taxes. All of our attorneys have a Masters of Law, and advanced law degree in Estate Planning to ensure that whatever estate plan we prepare addresses each client’s Federal and State tax concerns. Federal Estate taxes are very complicated and the laws are constantly changing. You need a knowledgeable attorney with the right experience to carefully plan your estate and business to avoid or minimize unnecessary taxes. [View More]