Assets that you accumulate over your lifetime can be taxed again at the time of your death through an estate tax. Effective planning can help you ward off the unnecessary expenses associated with estate taxes and preserve more of your wealth for your heirs by exercising tax deferral strategies that exist during your lifetime. At Edwards & Curtis LLC, our lawyers are highly familiar with various methods of asset transfer and can guide you toward the best possible asset transfer scenario.

Managing Wealth, Health And Taxes

Proper advance planning can help you manage your wealth, your health and your legacy. Estate plans may consist of any combination of the following types of legal documents:

  • Wills
  • Powers of attorney
  • Living wills
  • Guardianships and conservatorships
  • Medical and health care directives
  • Medicare and Medicaid
  • Trusts
  • Small-business succession plans

Understanding Fiduciary Responsibilities

As an executor or administrator of an estate at the time of a loved one's death, you have the responsibility of paying off taxes and debts against an estate before distributing the remainder among the named heirs. We can help you with the following aspects of probating an estate:

  • Selling off assets to pay off debt against the estate
  • Posting the proper notice to creditors in the local paper
  • Paying off debts against the estate
  • Redeeming life insurance policies
  • Posting the necessary bonds to release the estate to the heirs
  • Paying the appropriate court fees and costs
  • Analyzing the estate to assess the tax consequences of transfer to beneficiaries
  • Setting up the transfer of assets and accounts to the proper parties
  • Finalizing and closing the estate with the court

Take Control Of Your Legacy

A comprehensive estate plan allows you to control what happens to your assets and establish your life care wishes. To learn more about estate planning options, please schedule a free consultation at our Canton office. To arrange yours, please call 770-628-1100, or reach us by email.