Estate Planning
Estate Planning is a comprehensive process for providing for your loved ones, which includes decisions about how your assets will be managed for your benefit if you are unable to do so, when certain assets will be transferred to others, either during your lifetime, at your death, or sometime after your death and to whom those assets will pass. It addresses your welfare and needs, and planning for your personal care and health care if you are no longer able to take care of yourself. It may involve issues such as financial planning, tax planning, medical planning and business planning.
Whatever the size of your estate, everyone can benefit from estate planning, whether it be a simple Will, Power of Attorney and Healthcare Directive, or for those with gross assets of $150,000 or more, the creation of a revocable family trust in order to avoid a costly and burdensome Probate. For those with significant assets in excess of the Federal Estate Tax exemption, and those with highly appreciating real property, recommendations may be made for the creation of a Family Limited Partnership with gifting programs. For clients with businesses, Paul C. Franco can advise and assist with business succession planning.
Everyone’s estate planning objectives are different and unique. Paul C. Franco is able to advise his clients about, and draft custom provisions which account for, beneficiaries who are minors, disabled, have behavioral and/or drug and alcohol problems, mental illness and other conditions that impact their ability to be independent or receive their inheritance outright.
Paul C. Franco is qualified to handle all estate planning matters, including but not limited to:
- Wills
- Revocable Living Trusts
- Irrevocable Trusts
- Family Limited Partnerships
- Powers of attorney
- Advance Health Care Directives
- Special Needs Trusts
- Codicils and Trust Amendments
Paul C. Franco prioritizes the well-being of your loved ones, as well as your total satisfaction, when it comes to offering legal advice. He will ensure that all estate planning procedures have been properly followed, and your goals are met. When working with Paul C. Franco, you can be assured you are working with a skilled attorney with a proven track record for total client satisfaction.
To learn how Paul C. Franco, Attorney at Law, can help you with your estate planning objectives and to schedule an appointment, contact us today.
