Everyone benefits from having a thorough and well drafted will that expresses last wishes and desired distribution of assets. Important components of a complete estate plan include durable powers of attorney, healthcare powers of attorney and advance health directives to physicians and family members about life-saving or life support measures. A well-designed estate plan will protect your hard-earned assets and provide for your loved ones in case of death or incapacity and may minimize ultimate tax consequences.
In terms of trusts, the PRDG legal team can help you achieve the following goals:
Effective estate planning includes elements of tax planning. Amelia M. Edelman, and Charles W. Gordon IV have extensive experience in consulting with clients on choosing the most effective and beneficial estate plan. They will review and assist in structuring wills and trusts to eliminate or minimize federal estate taxes and gift taxes.
The firm’s practice extends to all areas of taxation, including:
The probate of estates in Texas is not expensive but can be time-consuming or complicated when assets trigger federal taxes or the deceased passed away without a will in place. Porter, Rogers, Dahlman & Gordon, P.C., assist the executor or executrix in all probate administration tasks, including locating heirs and distributing assets, liquidating assets, and paying debts of the estate. We work with accountants to prepare federal estate and gift tax returns.
An independent administrator operates free of the probate court if the will is properly drafted. We also represent dependent administrators—cases, where there is no will or the will, does not meet all of the legal formalities under law. PRDG is experienced in probate litigation over will contests.