Estate Planning and Probate
Giving families peace of mind
An effective estate plan provides lifetime benefits, such as asset preservation and tax efficiencies, as well as protects family members and assets after death through the orderly allocation of property and business interests. The estate planning lawyers at Ritchie Law, P.C. have experience:
- Strategizing estate plans
- Drafting last wills
- Establishing living trusts
- Developing taxation strategies
- Arranging for guardianship of minor children
- Drafting powers of attorney and advance directives
- Creating business succession plans
- Supporting charities through planned giving
Each plan is tailored to our client’s individual needs and incorporates a variety of tools and creative strategies.
Planning for the future of a business
Succession planning gives individual business owners control over the future of their companies and investments. Owners may choose to sell their businesses to finance retirement or partners may transfer their interests to their children, for example. Either circumstance shapes estate planning goals and decisions. In addition, a robust business plan includes instructions regarding the assignment of ownership interests if a partner becomes incapacitated or dies.
Tax strategies to preserve assets and protect beneficiaries
Tax considerations are particularly important in designing an estate plan. Our lawyers structure secure plans for avoiding unnecessary taxes so that individuals can enjoy the assets they earned during their lives and bequeath as much as possible to their heirs. We utilize various tools — including trusts for minor children, planned charitable giving strategies and life estates — to create plans that meet our clients’ objectives.