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ESTATE PLANNING

It may be hard to think about but planning for death or incapacity can save your family thousands of dollars in taxes, administrative expenses and litigation costs. The last thing your loved ones want to think about at that time is how to handle your estate and debts.  A properly planned estate can tremendously help ease your loved ones through this difficult transition.  

Our attorneys and staff have the experience to handle a wide range of planning challenges and give personal attention to each client’s assets, wishes, and family dynamics to craft a customized plan that fits each unique situation.

 

Planning Considerations

For families with simpler, smaller estates, Fergus & Tomanka, PLLC, works hard to provide a complete and versatile plan all at a reasonable fee. This strategy works well for a new, growing family without a lot of assets. A basic will with proper guardianship instructions ensures your children are well taken care of even after your gone. These plans are likely to include most or all of the following: 

  • Drafting a Will for an individual or for a Couple

  • Powers of Attorney

    • Medical Power of Attorney

    • Statutory Power of Attorney

  • Guardianship Declarations

    • Minor Children

    • Disability

  • Advanced Directive

 

For more complex, larger estates, Fergus & Tomanka, PLLC, will help you explore more sophisticated, customizable options, including:

  • Tax-Planning Trusts

  • Bypass/credit shelter trust planning.

  • Marital trust/qualified terminable interest property (QTIP) trust.

  • Tax-motivated gift-giving program.

  • Life insurance trust.

  • Generation-skipping transfer (GST) planning or education funding

  • Dynasty/lifetime trusts for descendants or surviving spouse

  • Family Trusts for children and/or other descendants

  • Education Trusts

  • Business Trusts

  • Family Business Succession Planning

  • Family limited partnerships, LLCs, S Corp

 

We also work with clients whose circumstances call present special planning challenges, including:

  • Prenuptial/pre-marital property agreements

  • Post-marital property agreements

  • Blended families/second marriages

  • Same sex couples

  • Special needs trusts/planning for disabled or challenged beneficiaries.

  • Planning for the terminally or mentally ill

 

Contact us (HERE) to create a future estate plan, as unique as your family. Have questions? Check out our FAQS below or call our attorneys at (325) 232-8218 to schedule a consultation!