Lyne Law Firm, LLC assists clients with all of their estate planning needs. We provide counsel to a wide range of clients: from those with high-net-worth to families with more modest estates, including new parents wishing to name guardians for their young children.
We are expert in designing and drafting custom estate plans including basic documents like revocable living trusts, wills, and powers of attorney. We are highly skilled in planning for more complex estates; some of the more tax-intensive vehicles we are competent in are dynastic trusts, defective grantor trusts, family limited partnerships (FLPs) and asset protection trusts (see our “Asset Protection Planning” page).
Revocable living trusts (RLTs) are established during a client’s life in order to ensure the orderly and private distribution of assets after death. When properly designed, RLTs will avoid probate court involvement (see our “Probate” page) after a client’s death and will help to minimize related income and estate taxes.
Wills are a time honored method of transferring a client’s property at death. With a simple Will plan, the probate court will oversee the administration of a deceased person’s estate. The probate court is also the proper forum in which to have a guardian appointed to care for a minor child. A client may nominate a guardian to care for a minor child within the client’s Will.
Under a power of attorney (POA), you may name an agent to make financial and/or health care decisions for you in the event that you are ever incapacitated. POAs, when drafted in the right way, will avoid the need for the appointment of a guardian in the event that you are incapacitated.