Estate Planning & Probate

Estate Planning & Probate
  • Wills
  • Trusts
  • Living Trust
  • Living Wills
  • Powers of Attorney
  • Transfer on Death Deeds
  • Probate
  • Prenuptial Agreements

Estate planning may have many goals. Among these are reduction in estate tax liability, smooth transfer of property to heirs and beneficiaries, and avoidance or reduction of probate expenses. While present estate tax laws make tax avoidance significant only for relatively large estates, no estate is too small or for that matter too large that it should not have an estate plan. Among the instruments that we use for estate planning at the Berkowitz Law Office are wills, trusts, living trusts, powers of attorney, joint tenancy and transfer on death deeds. By skillful use of the right instruments, often probate can be avoided altogether.

If probate cannot be avoided, then it can certainly be made less expensive. The Berkowitz Law Office charges an hourly rate and not a percentage of the estate, so you only pay for the work that is actually done.

Another area of estate planning is providing for minor children, both by the use of trusts and the appointment of guardians in the event that both parents are deceased before the children reach the age of maturity.

Estate plans are not static and should be reviewed periodically, certainly no less than once every 5 years, in order to modify them to meet changing circumstances and conditions. It is never too early, nor too late to begin your estate planning, whether it be a simple will or a complex living trust.