Estate Planning

Our attorneys can safeguard your assets and life savings through trusts and directives that minimize or avoid estate taxes.

Estate planning is more than just preparing a last will and testament or the creation of a trust. Instead, it is a road map that should be examined at each phase of your life, from wealth building, to growing a family, to retirement. The plans you make now will protect you in the future. Our attorneys can safeguard your assets and life savings through trusts and directives that minimize or avoid estate taxes, keeping your beneficiaries safe from creditors after you die. We individualize practical plans to assure successful control, conservation and allocation of your assets throughout life and after death.

At Chan PLLC Law, we work meticulously with each of our clients to create estate plans that not only meet their unique needs, but also focus on special circumstances that could be complicated from a legal or tax perspective. Our attorneys can prepare powers of attorney and healthcare directives that protect you should you become impaired. We can help you avoid guardianship or conservatorship obstacles and arrange a straightforward plan for your finances and young heirs as they age.

From the simple to complex, we use progressive techniques to reduce your estate taxes, including wills, revocable trusts, martialized estate tax planning, trusts for children, and planning for retirement accounts—as well as sophisticated techniques such as spousal lifetime access trusts, irrevocable gifting trusts, insurance trusts, grantor retained annuity trusts, charitable trusts, family limited partnerships, and qualified personal residence trusts.

Some of the documents and strategies we regularly implement for our clients include:

  • Wills
  • Guardianship documents, to provide that minor children are taken care of
  • Financial Powers of attorney
  • Healthcare directives
  • Revocable living trusts, to avoid probate
  • Irrevocable trusts, to secure assets for children and to minimize estate taxes
  • Planning for retirement accounts, including IRAs and 401(k)s
  • Supplemental needs trusts for disabled children and grandchildren
  • Cabin trusts, to assure that the family cabin is safely passed down to the next generation, and to provide for the management and administration of the cabin
  • Farm trusts and family limited partnerships, to safeguard the legacy of farms to the younger generation
  • Pet trusts, to assure that valued pets are taken care
  • Charitable gift planning, including charitable remainder and lead trusts, private foundations, and coordination with donor advised funds
  • Planning for corporate executives, including planning for deferred compensation, stock options, incentive stock options, and restricted stock units
  • Business succession planning for closely-held business owners and owners of family farms and agricultural businesses
  • Planning for physicians and dentists
  • Sophisticated estate tax planning
  • Family limited partnerships
  • Prenuptial and postnuptial agreements, pre and post-divorce planning
  • Elder law and working with children whose parents are incapacitated
  • Preparation of settlement trust agreements in personal injury cases
  • Coordination of international estate planning

Chan, PPLC Law uses a range of basic to sophisticated approaches to safeguard your assets and minimize estate taxes. Contact us to speak with an attorney for a complimentary consultation today.