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Overview Litigation Corporations, Partnerships & Other Business Organizations Business Acquisitions & Finance Municipal Law Estate Planning & Administration Real Estate and Title Insurance Commercial Real Estate Lending & Development Family Law Including Divorce and Custody |
Practice Areas: Estate Planning and Administration Recent years have brought unprecedented change in the areas of estate planning and administration, and there is every indication that the next few years will bring more regulation, less clarity, more pitfalls and fewer loopholes to these areas. Only well-informed planning will reduce the delay, frustration and taxation that too often make the settlement of an estate a bitter experience. The philosophy of Blakey, Yost, Bupp & Rausch, LLP with respect to estate planning is simple. The first objective must always be to fulfill the client's personal and family objectives. A plan is then developed to accomplish these objectives in the simplest, most straightforward way with the lowest possible tax cost. Tax planning should not drive personal planning. Rather, personal planning should be done in a way that makes good tax sense. For many, the complete estate plan will consist of three main documents, the Will, the Power of Attorney and the Living Will/Health Care Power of Attorney. These relatively simple documents can save you and your family much turmoil and trouble. For some, a living trust can be an important vehicle for managing assets outside of probate. For those with personal estates in excess of $675,000, more complex trusts or wills can be employed to take full advantage of the federal marital deduction and unified credit, to make appropriate gifts, and to avoid the confiscatory generation skipping tax. The firm's philosophy of prompt and efficient service helps set
it apart from many others in the settlement of estates. Estates
should be administered promptly and concluded as quickly as good
business and tax planning allows. No one's interest is served in
delaying the resolution of an estate. Blakey, Yost, Bupp & Rausch,
LLP is committed to prompt administration, and toward that end effectively
employs paralegal staff with a high level of knowledge and experience
in estate planning and administration. |
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