Estate planning is the process whereby families develop a plan that ensures that the assets they have worked so hard to accumulate during their lifetime are protected at their death and distributed as they choose. Without proper planning, the Internal Revenue Service (IRS) or Ohio Department of Taxation may stand to “inherit” a large portion of the assets of many families. Having an estate plan is a good idea for everyone, regardless of his or her age or health condition. With the proper documents, we can create an estate plan to address your concerns about receiving proper medical treatment, minimizing estate tax, leaving money to charities that do important work and transferring ownership of a family business in an orderly fashion. We can draft documents to accomplish these ends, including:
- Assisted living and advanced health care directives
- Durable powers of attorney
- Medical powers of attorney
- Wills and testamentary trusts
- Revocable and irrevocable trusts
- Family limited partnerships and limited liability companies
- Insurance planning and life insurance trusts
If you could benefit from a carefully drafted plan to preserve your assets, provide for your family, or address business concerns and transitions, you should talk to The Parikh Law Firm LLC.
CONTACT THE PARIKH LAW FIRM LLC HERE
