We understand that sometimes the death of a loved one can bring out the worst in his or her survivors, and as a result, beneficiaries can be affected. Beneficiary representation means you have an attorney or law firm as your advocate to protect your rights and interests as a beneficiary of a will, trust or other estate-planning situation. If you are named in a will or trust, contact Gevurtz Menashe to have our estate planning attorneys review your documentation to ensure your interests are protected.
Understanding the world of retirement benefits (IRAs, 401ks, pension plans, etc.) is essential to developing a coordinated estate plan. At Gevurtz Menashe, we advise clients on the estate and income tax impacts of beneficiary selection and recommend beneficiary designations that fit within each unique estate plan.
Charitable gifts can take many forms and can yield substantial tax advantages if made properly during one’s lifetime or at death and Gevurtz Menashe estate planning attorneys have experience in helping our clients make charitable gifts of many sizes and variations. If you’re interested in learning more about charitable gift planning, and how it may affect your estate plan, call 503-227-1515 or contact us online to schedule a consultation.
Estate, gift, and generation-skipping transfer tax returns are vastly different from income tax returns. Knowing the rules and requirements is vital to ensuring a favorable outcome. Gevurtz Menashe estate planning attorneys have experience in helping clients navigate complicated estate and gift tax issues. To learn more, or speak with an estate planning attorney, call us at 503-227-1515 or contact us online.
When loved ones are no longer able to handle their own financial or personal affairs, the court can give that authority to another person, known as a guardian and/or conservator. The role of a guardian is to manage and control a person’s physical care and custody, while a conservator is responsible for handling a person’s financial matters. The decisions carried out by a guardian or conservator can involve issues relating to the person’s health, care, safety, therapeutic needs, financial and legal affairs and other areas of the person’s life.
In today’s evolving world, people are traveling and transacting business across international boundaries, more than ever. It is becoming more and more common for individuals to work remotely outside of their home country due to increased work opportunities, higher compensation and alternate tax structures. Given our evolving global lifestyles, individuals need sophisticated legal guidance and tax planning advisors to help them navigate a complex and ever-changing legal and tax environment. We’re here to help.
Irrevocable trusts are created for many reasons. They can be designed to reduce estate or income taxes, offer creditor protection, or to encourage and instill in beneficiaries certain values or goals. Many types of assets such as business interests, shares of stock, life insurance policies, real estate and other investments can be held in an irrevocable trust.
Life insurance is a relatively easy way to provide for your family after you have passed away. With simple monthly payments, you can purchase a life insurance policy that will disburse to the named beneficiaries upon your death. Choosing the right type, and amount, of life insurance is an important piece of the estate planning process that ensures your family and loved ones are taken care of financially after your passing.
Incapacity planning ensures you're able to speak for yourself in all decisions, from your medical care to financial affairs. As part of the initial planning and ongoing maintenance of our estate plan, our estate planning attorneys use various tools to help plan for incapacity in the event something should happen to you.
Gevurtz Menashe estate planning attorneys have extensive experience helping people navigate estate administration and probate issues. Call us today at 503-227-1515 or contact us online to learn more or schedule a consultation.
One of the fundamental goals of estate planning is to ensure that your family is properly taken care of should something happen to you. If a beneficiary receives governmental benefits because of a physical or mental disability, the receipt of any inheritance could jeopardize the beneficiary’s eligibility for public assistance. A properly constructed supplemental (or special) needs trust allows the beneficiary to receive an inheritance without sacrificing the public support payments.
Working with a trust attorney is vital to ensuring the Trustee is protected in fulfilling his or her legal obligations. A trust attorney can also help ensure the trust’s beneficiaries receive the maximum potential benefits according to the terms of the trust, and any applicable estate taxes are minimized.
Wills and revocable trusts are the cornerstones of an estate plan. Although there are some important differences between a Will and a revocable trust, fundamentally, they both serve the same purpose: they allow you to direct how (and when) your assets will be distributed to your beneficiaries, and to appoint who will make important decisions on behalf of you and your loved ones.