Swanicke & Lambariello, LLC - Attorneys at Law

Estate Planning

Estate Planning for sophisticated and complex individuals is one of our specialities. Our goal is to help create a plan that will optimize your tax savings and make the Probate process as smooth as possible. In order to create the best plan for you, the following documents and transactions may be considered:

	Tax Oriented Wills	The basic estate planning tool to obtain two Federal tax credits (i.e. for husband & wife). Includes: Unified Credit Trust, QTIP and QDOT (foreign citizens) provisions.
	Living Wills	A person's stated intention with regard to medical care.
	General Durable Power of Attorney	Protects against a disability and allows for the appointment of a financial and healthcare agent without court intervention.
	Sophisticated Trusts	Revocable Trust avoids probate, creates privacy, and protects assets from claims in divorce in New Jersey. Life Insurance Trust removes life insurance from taxable federal estate. May be on either one or two lives. Medicaid Qualifying Trust/Special Needs Trust to protect the elderly or disabled. Qualified Personal Residence Trust allows for the transfer of a principal or secondary residence to children and/or grandchildren at a discounted value. Allows for the continued ownership of the home for a period of years. Grantor Trust is an estate planning tool in which the Grantor only retains a fixed rate of return and may pass future appreciation onto younger family members. Charitable Trust provides charitable tax deductions for income and estate tax purposes and supports an individual's charity. IRA Designation Trust allows for the continued income tax deferral of an IRA while qualifying the principal of an IRA for either unified credit trust purposes or, alternatively, may qualify the IRA for marital deduction (QTIP) while maintaining control over the principal of the IRA.
	Family Partnership/LLC	An operating partnership that allows for assets to be held in a single entity, with gifts of partnership interests to children, grandchildren, or trusts for their respective benefits. Aloos for control of the assets and cashflow without giving up physical control over the underlying assets.
	Children/Grandchildren's Trust	Trust that protects the beneficiaries of the trust from creditors, auto accident claims, professional liability claims, and divorce claims. The person establishing the trust determines when and under what conditions the beneficiary receives the assets of the trust.
	Gift Planning	The making of planned gifts in order to reduce estate tax exposure. Includes the preparation of gift tax returns for many of the above referenced estate planning tools.

Let us help you create the best estate plan for your personal needs. Call us for a Consultation at (908) 754-4500.

Disclaimer
The materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this Web site or any of the e-mail links contained within the site do not create an attorney-client relationship between Swanicke & Lambariello, LLC and the user or browser. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

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Last Updated January 7, 2008 9:52 PM
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