Estate & Tax Planning

Our legal team helps you figure out the details of creating an estate plan that is suitable for your unique circumstances.

You Don’t Have to Make Estate and Tax Planning Decisions Alone

You have checked all the boxes by saving and investing, and taking care of your family. But have you considered how you would like those hard-earned savings to be distributed after you pass? Have you considered the effect that the New Jersey estate tax, inheritance tax or federal estate tax may have on your loved ones? Is it possible to avoid or minimize them altogether? Have you ever asked yourself whom you would like to make critical medical decisions should you be unable to?

At Fendrick Morgan, we will help you figure out the details of creating an estate plan and what makes sense for your unique circumstances. Through our compassionate consultative approach, the Fendrick Morgan team understands how clients may create the best outcome for their estate. Every client is unique as is her or his circumstances. We listen carefully to the specific details and objectives that each client shares with us. Our goal is to prepare documents which provide flexibility as to the ever changing tax laws. Further, we explain to clients the non-tax reasons for establishing Trusts, such as bloodline protection, divorce and creditor protection or probate avoidance.

What To Do When You Don’t Know What To Do

From decades of advising clients on developing an estate plan and making decisions which will have long-lasting impact to not only them personally but also their family, we have never heard one individual express regret for the planning with which we have assisted them.

The financial and emotional toll for family members is great if a loved one passes without at least a Will. That is a fact. If you choose to do nothing, then your state’s laws will govern your estate plan, deciding how your affairs and distributions are governed upon your death. For many, this is not the desired plan.

Contrary to the belief that an estate plan is only for the wealthy or only needs to consist of a Will, we know differently. Part of our commitment to our clients is to explain in detail how your circumstances will be enhanced by developing an estate plan. An Estate Plan is imperative for adequately ensuring that your assets are protected from excessive taxation and passed down to your beneficiaries. Each of us has our own financial story. Your story will be considered and evaluated in devising a personalized Estate Plan that is appropriate for you.

Life requires planning…how we can help

Whether you have modest resources and are concerned with providing for specific beneficiaries or your net worth is sizable and you are focused on minimizing death tax exposure, we will work to devise a plan that specifically meets your needs.

Even the best-drafted Will has little value if health care-related costs deplete your assets. With proper planning, our estate and tax planning lawyers will help you to create maximum flexibility within your legal documents so that the estate pays the minimum amount of death taxes. Without a plan, health care and long-term care costs may dramatically reduce the value of your estate and, subsequently, what your beneficiaries may inherit. You must be proactive.

Estate planning can do a lot for you and your loved ones:

  • Minimize estate and inheritance taxes
  • Provide for loved ones
  • Preserve control over assets
  • Avoid probate when appropriate
  • Keep your assets in your bloodlines
  • Appoint a guardian to care for minor children
  • Control the age at which children receive an inheritance
  • Create flexibility for changing tax laws
  • Simplify the administration of the estate
  • Protect assets from creditors
  • Select an individual to handle medical and health-related affairs in the event of incapacitation
  • Avoid unnecessary future legal expenses

Contact us today so we may help you help yourself. If you or a loved one has not made provisions for his- or her estate needs, do not delay. An ounce of prevention is worth a pound of cure.

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