Cooper Levenson works with estates of all sizes throughout New Jersey, Delaware and beyond. From the individual needing to write a new will to business owners requiring succession planning assistance, we have the experience our clients seek. Plus, our fees are comparable to those of a small firm, and our clients appreciate our cost-effective services.
Estate planning involves preparation for the orderly transfer of wealth from one generation to the next. It also identifies estate, inheritance and gift tax issues. The planning process includes:
- Determining the extent of your assets
- Determining to whom you wish to leave your assets
- Preparing documents to pass assets to your intended beneficiaries in the most practical and tax efficient manner
Using A Variety Of Tools To Accomplish Your Goals
Through estate planning, you may create trusts and other vehicles to protect your wealth against many risks, including youth and inexperience, overindulgence, old age and infirmity, divorce and remarriage, family disputes, business events, inflation, recession and taxation.
Our Atlantic City estate planning attorneys craft:
- Last will and testaments
- Trusts, including special needs trusts
- Living trusts
- Business succession plans
- Powers of attorney
- Living wills/advance health care directives
We also assist clients with elder law concerns, including Social Security and Medicare/Medicaid planning.
Updating Existing Estate Plans
If you have an existing estate plan, there are several reasons why you should consider an update:
- Your personal circumstances may have changed. The changes may be as simple as beneficiaries growing up, or may be more complex such as the birth of a child, the death of a family member, a marriage or a divorce.
- Your assets may have changed, requiring changes to pass a larger portion of your wealth to your heirs instead of the government.
- Changes in estate, gift and inheritance tax laws.
Cooper Levenson's estate planning department also regularly administers estates and trusts. Our lawyers also collaborate with our estate and probate litigation attorneys to resolve disputes that may arise over the disposition of estates and trust funds.