At the law firm of McClelland & Associates, PLLC – Elder Law Lexington, our estate planning attorneys help our clients achieve their goals for the successful transfer of their wealth to their children and future generations. Many people are faced with both the physical and mental incapacities that accompany aging. More than ever, it is essential to have an in depth, complete estate plan that handles more than just who gets a loved one’s property. A sophisticated and well-designed estate plan can not only ensure that a family is protected and financial goals are met after death, but also take care of seniors in the event of incapacity. Additionally, a properly maintained estate plan can minimize death taxes and protect children and grandchildren from creditors and other predators.
Putting together an estate plan requires current knowledge of both federal and state laws governing estates. Clients of Elder Law Lexington are encouraged to come in for a review meeting with one of our estate planning attorneys at least every three years. At Elder Law Lexington, the estate planning process begins with a comprehensive review of a client’s personal situation, health and assets. The estate planning services that Elder Law Lexington provides extend beyond the creation of legal documents and encompass a review of how assets are owned, how they are treated upon death and the tax consequences. We help our clients protect their assets and their family by creating individualized estate plans.
Estate planning involves the drafting of wills, trusts and other types of planning documents. Elder Law Lexington can help complete various documents that are designed to protect final wishes and the interests of loved ones. Some of the elements involved in estate planning include the following:
Elder Law Lexington attorneys work with clients in preparing the appropriate documents to accomplish their estate planning and tax goals. We consider and design the estate planning documents that will meet our clients’ unique goals and budget, which include:
Our services at Elder Law Lexington include acting as attorneys for the administration of estates in Kentucky Probate Courts by representing personal representatives. If necessary, we also prepare and advise on gift tax return preparation. Overall, our services provide peace of mind, ensuring the administration of the estate is properly handled and expeditiously completed. Our estate planning attorneys are also involved in all aspects of trust administration. Similarly, we represent beneficiaries concerning the administration of estates and trusts.
Elder Law Lexington - McClelland & Associates, PLLC can help you craft an estate plan that is personalized to your goals and wishes. Our estate planning attorneys take the time to understand your wishes and goals and can help guide you in the right direction for your plan. If you are ready to take the first step toward creating your plan or if you already have an estate plan that needs updating, give us a call today at (859) 543-0061 or (800) 773-4040.