Areas of Practice
Estate planning is the creation of a definite plan for managing your wealth while you’re alive and distributing it after your death. These assets may be owned by you separately or jointly with others.
- • Revocable Living Trusts
• Irrevocable Trusts
• Last Wills and Testaments
• Probate
• Lifetime Gifting
• Joint Ownership
• Powers of Attorney
• Health Care Directives
• Beneficiary Designations
• Life Estates
Clients, when approaching the concept of estate planning, are often bewildered when trying to foresee what the full impact of implementing certain actions will be. Everyone at the Koshkin Law Firm is expert at helping navigate our clients through these complicated theoretical concepts so our clients are able to better understand the opportunities afforded by a cohesive estate plan.
In today’s world, estate planning can be quite complex, taking into account income and estate tax concerns, health care decisions, business succession and long-term care. Most, if not all of these, affect not only the person doing the planning but his or her loved ones and families. So often, not doing estate planning can lead to unintended and perhaps unwanted results.
- • A person dying without an estate plan might subject her or his estate to high and unnecessary probate costs or estate tax.
• An ex-spouse or disassociated family member might still be a beneficiary.
• A child who provides home health care to an infirm parent might not be compensated for those efforts.
• Gay and lesbian couples have many legal impediments to what they might desire.
The Koshkin firm will take the time to explain all the decisions and their impact. We help our clients work through the issues in a way that is clear and that allows them to make thoughtful choices, offering them peace of mind that things will happen they way they want when they die.