Wills, Trusts & Estates
Many people do not think of preparing an estate plan until they are faced with a crisis. Even then, some believe it is already too late. In fact, it is believed that less than 25% of the population has a will.
At the Fort Washington, Pennsylvania law firm of Timoney Knox, LLP, our practice in this area is divided into two parts: estate planning and estate administration.
Planning Your Estate
Our highly experienced estate planning lawyers provide a full complement of services in this area. Regardless of the size of your estate or the value of your assets, we can help you plan for the orderly distribution of your cherished property. We will work with you to document your assets, identify your beneficiaries, and execute your wishes. Some of the tools we commonly use include:
- Wills
- Trusts
- Powers of Attorney
- Advance Medical Directives (living wills)
- Asset allocation
Whatever your circumstances, we can help give you the assurance that after your death, of if you are ill or incapacitated, your affairs will be handled according to your express wishes. We also help our clients devise wealth-preservation strategies that will ensure the smooth transition of your family assets from one generation to the next and in the proper care, both personally and professionally, of our clients with minor children. Additionally, we work with clients to establish appropriate arrangements to care for the clients themselves or their relatives during periods of infirmity or their golden years. Our experienced estate planning lawyers will take all the tax implications into consideration and arrive at a plan that reduces the burden on your estate. In fact, several of our estate planning lawyers have their Masters in Taxation.
Administering Estates
The second prong of our practice in this area involves helping bereaved families with the administration of the estates of their deceased loved ones. We offer a wide range of services to our clients during this moment of need.
Our seasoned estate administration attorneys work with the courts and the family to ensure that the decedent's wishes are respected. The services we provide include administering testamentary and living trusts, assisting in asset management, offering tax planning and tax compliance expertise, distributing the decedent's assets in probate proceedings, post-mortem estate planning, and preparing federal and state death tax returns.
Our attorneys at Timoney Knox, LLP also work with clients' other professional advisors, including accountants, investment advisors, trust officers and insurance professionals to assure the most effective use of resources. We work with our clients' advisors to assure that the best plan is developed and implemented for our clients.
Contact us today to benefit from the counsel of experienced and knowledgeable estate planning and estate administration lawyers.
