Estate Planning / Specialized Estate Planning
Individuals live different lives with different goals and values. So, why would one type of Last Will and Testament or Revocable Living Trust fit the requirements of all individuals? The answer is that it does not.
At Richard B. Schreibstein, LLC, we understand the complicated family dynamics that can drive choices of family members. We work closely with you and your financial consultants to create an estate plan that is specificallycustomized for you. All aspects of your life are considered prior to the formation of a plan, such as your business and personal goals, your financial commitments, including planning for college funds, and your short and long term retirement requirements.
Our goal is to provide you with a specialized estate plan that will grow with you as your business, family and lifestyle change. We strive to minimize and defer the payment of taxes to ensure the maximum amount of your hard earned assets pass to those of your family members and loved ones designate by you. We successfully accomplish this goal through the following:
Specialized Estate Planning
Multi-Generational Estate Planning and Business Succession Planning.
This is an estate plan specifically designed to utilize the business owner's past, present and future business ventures and private investments to create numerous estate planning mechanisms to hold and invest portions of such ventures for future generations. This type of planning involves an ongoing dialog between the client and the attorney to create evolving estate planning documents that dovetail with the business owner's ventures, personal investments and real estate transactions. For further information, please see the link to our Multi-Generational Estate Planning Brochure.
Multi-Generational and Business Succession Planning
Lifetime Planning and Estate Planning for Same Sex Couples
Lifetime Planning and Estate Planning for Same Sex Couples.
Unfortunately, standardized estate planning documents are not suitable for same sex couples, since they do allow for any of the protections granted by laws enacted for the benefit of state recognized and sanctioned civil marriage. Consequently, planning for the same-sex couple requires specialized documents that will be upheld by a court of law, should they be contested by disgruntled family members. Therefore, it is important for same sex couples to seek out and retain attorney's familiar with drafting estate planning documents that will protect a partner's rights and ensure assets pass in accordance with the decedent's specific wishes, especially if the decedent wants such assets to pass to a loved one who would otherwise not be considered a legal heir. For further information, please see the link to our Lifetime Planning and Estate Planning for Same Sex Couples Brochure.