Estate Planning & Trust Preparation
Atlanta Wills, Trusts, and Estate Planning Lawyers
Our Atlanta Wills, Trusts & Estate lawyers will offer you dependable advice about estate planning, long term care alternatives, or avoiding probate through various asset protection trust options, contact a wills and trusts attorney at The Libby Law Firm in Atlanta. Our experience with federal taxation issues can also help business owners and families facing estate tax exposure find ways to maximize the value of your estate while protecting assets from tax liability.
Virtually every family can benefit from a last will and testament to provide for the orderly transfer of wealth from one generation to the next according to the wishes of the testator. Most people should also give some thought to the possibility of a disabling illness or accident that can prevent them from managing their own affairs. Not only can durable powers of attorney with respect to medical treatment and finances help ensure that your preferences will be observed in the event of an inability to speak for yourself, they can also help avoid the need for expensive and difficult guardianship proceedings in the event of a protracted period of incapacity.
Wealth preservation, tax planning, and probate avoidance objectives can also be achieved through estate planning. Our experienced attorneys can work with you to help define your goals and identify the most promising approaches to achieve them by selecting from a variety of options, including:
- Irrevocable life insurance trusts
- Revocable living trusts
- Long term care insurance
- QTIP and QPRT trusts
- Crummey trusts and other gift transfer options
- Family business partnerships or asset trusts
- Educational or charitable remainder trusts
- Generation skipping trusts
- Grantor retained trusts
- Special needs trusts
Which of these might be right for you and your family depends on many circumstances, such as whether your adult children want to continue a family business, whether the use of certain trust instruments might protect your future eligibility for Medicaid, how much of your estate's value is represented by your primary residence, or the composition of your immediate family.
For a sound and balanced package that will achieve your immediate and longer term objectives for your children's inheritance and your own later years, contact an estate planning attorney at The Libby Law Firm.