New Jersey Estate Planning Attorneys
When families or individuals have accumulated assets during their lives, they should protect those assets through effective estate planning. At the law office of Price & Price, LLC, we provide estate planning services to families with moderate assets. It is our ultimate goal to ensure that your family's property, treasures, and family legacy pass on to your loved ones and not to the government.
To learn how you can protect your assets and secure your family's future, contact our Haddonfield-area estate planning lawyers today. Call us at 888-463-6505 to schedule an appointment at either of our south Jersey offices.
Helping to Minimize Tax Consequences Through Planning
When an individual passes on, the estate will be collected, administered and evaluated for the possibility that estate taxes will need to be paid. If the individual had accumulated moderate to significant assets, it is highly likely that significant taxes will be required. Our New Jersey estate planning law firm works with our clients to formulate a comprehensive and individualized estate plan that protects your assets and minimizes tax consequences. We assist clients with the following:
- Last will and testament drafting
- Powers of attorney
- Living wills (also called advance directives)
- Inheritance tax planning
- Other estate planning
Protecting Your Privacy With a Trust
In addition to providing tax benefits, trusts can also preserve a family's privacy. Trusts do not have to go through probate, which is a public administrative process that is public record. Rather, they are administered separately by the individuals named in the trust. Our law firm creates trusts, which can take many forms, depending on the needs of the client. We have drafted trust instruments that include these:
- Credit shelter trusts
- Marital trusts
- Life insurance trusts
- Charitable trusts
- Spendthrift trusts
- Other living trusts
Trusts such as these and others protect our clients' privacy and prevent public scrutiny of one's wealth. Even for clients of moderate means, trust instruments are a valuable estate planning tool.
Preserve Your Legacy
Through effective planning, estate tax consequences can be greatly reduced or even eliminated altogether. Ensure that your property passes to your loved ones exactly as you wish. Contact our New Jersey estate planning attorneys today.
