Creating A Personalized Estate Plan For Your Family’s Future
At Schroth Law LLC, we are deeply committed to our clients. We believe that the only way to create an estate plan that achieves your goals is to truly get to know you. By understanding your family dynamics and discussing your financial situation and your long-term goals, we are able to create the groundwork for an estate plan. Whether it’s a simple will or a complex set of planning documents, we will make sure that your plan fulfills your needs.
We provide a full range of estate planning services to help you achieve your goals. We draft customized estate planning documents, including:
- Wills and trusts
- Powers of attorney
- Advance health care directives
- Probate and estate administration
- Business succession plans
Many of our clients wish to establish a trust that enables them to avoid probate. Some are focused on making sure that children or vulnerable adults are cared for. Others have experienced changes in their families or finances and need to revise their estate planning documents. No matter what your situation is, we are here to help.
Providing Probate And Estate Administration Services
As the executor or personal representative of an estate, you face the possibility of a lawsuit if you do not properly perform your duties. Most people are unfamiliar and unprepared for the complex and time-consuming process of wrapping up the financial affairs of an estate. At Schroth Law LLC, we can assist you at every stage of the process:
- Drafting and filing the letters of testamentary that empower the executor to begin the probate process
- Making an inventory of the estate’s assets and debts
- Identifying ownership interests in real property and resolving any problems
- Gaining control of IRAs, pension assets or life insurance proceeds
- Preparing and filing the estate tax return
- Distributing assets to beneficiaries or heirs
- Preparing a final accounting and filing it with the court
Even if you have already started the process, we can step in and help you complete any remaining tasks.
Helping Families With Business Succession Planning
Failing to create a succession plan for a family business often leads to serious problems after the death of the family member who owned the business. The expectation that the business will continue with the next generation can meet with unexpected roadblocks when the surviving family members are unprepared or unable to lead. When there is no documented plan, disagreements over who should take over to lead the company are common.
At Schroth Law LLC, our business law practice gives us great insights into the best way to build a succession plan. When it comes time to pass your business on to your children or outside owners, we can help. We will review your situation and your goals to develop a plan designed to successfully transition your business to a new owner or set of owners. Together, we can ensure that a solid plan is in place that benefits your family, the business and your valued employees.