Estate Plans And Administrative Processes
Whether you’re documenting your future medical care preferences or building support structures to benefit your family or favorite charities after your death, FrancePaskey, is here to help. We can advise you on all types of estate issues, including wills, trusts and powers of attorney, and other areas such as:
- Estate tax issues
- Executor designation
- Guardianships and conservatorships
- Medicaid planning
- Elder care, including evaluation of long-term care facilities and review of residential or at-home care contracts
FrancePaskey can advise you on the best approach to your estate plan. We will help you devise the most advantageous methods of transferring assets to your spouse, children and/or favorite charitable causes. We will help you draft, review or update a will. We can help you establish a trust and, when the time comes, we will guide the trustee in carrying out the duties associated with managing and distributing assets correctly.
Eliminating Uncertainties Over Probate Administration
You work and save over a lifetime, expecting to be able to protect your family’s long-term well-being and financial security. With more than 75 years of combined experience, the attorneys of FrancePaskey are prepared to help you design and implement an estate plan to match your goals.
We will explore with you the options that you have for passing on assets to your chosen beneficiaries. Your will and any trusts that you create can include instructions for guardianship of your children, compassionate care of your domestic animals and support of your favorite causes.
About Trusts: Advice To Trustees
When it is time to administer a trust, the trustee typically needs legal guidance to avoid committing errors and to prevent challenges from others with interests in the estate. A disgruntled beneficiary may bring a legal challenge alleging breach of fiduciary duty if the trust administration is mishandled. With proper attention to detail and the fulfillment of all legal requirements, a trustee can ensure that the trust will help carry out the grantor’s intent.
At FrancePaskey we assist trustees in proper adherence to their duties as they manage trusts and distribute assets correctly and at the right time. Ask for help with whatever trust you seek to establish or must administer, such as:
- An irrevocable trust
- A revocable living trust
- A credit shelter trust (CST)
- A generation-skipping trust
- A special needs trust
- An incentive trust
- A qualified terminable interest property (QTIP) trust
- A charitable remainder trust
A trustee is responsible to prevent losses to the trust. FrancePaskey helps trustees to comply with trust administration processes. If you have been named a trustee, you should protect yourself from litigation by enlisting professional guidance. Our established law firm has a track record of success. We are here for you through all phases of the management and administration of a trust.