Estate planning includes the drafting, preparing, execution and interpretation of instruments such as wills, trusts, living wills, health care proxies, powers of attorney, rights of survivorship and any other document dealing with the inheritance or management of property passing from individuals.
Having estate planning procedures done properly is beneficial in multiple ways, but specifically there can be tax benefits depending on how your estate is set up and you can have the comfort of knowing that your estate will not cause any problems for your heirs and other family members.
We can advise both individuals and businesses on all aspects of tax law. We can represent you before the IRS and state and local taxing authorities, including appeals of adverse determinations. As a Certified Public Accountant and an Attorney, R. Dawn Allen is uniquely qualified to assist clients with their tax needs.
Probate and Estate Administration
If an individual passes away without an estate plan, or if certain assets are left out of the estate plan, it is necessary for the assets to be probated to transfer title according to state law or the wishes of the decedent. Even if no probate is necessary, there are still steps that need to be take to administer the estate and distribute the assets. We can assist a Personal Representative or Successor Trustee in closing the state and carrying out the wishes of the decedent in either circumstance.
We represent clients in forming, operating, and dissolving business organizations including corporations, limited liability companies and partnerships. We are experienced in helping clients determine the appropriate type of business organization, and in advising clients in operating and maintaining the business, such as preparation of minutes and amendments to organizational documents. We also assist non-profit organization with formation and with the application for tax-exempt status with the IRS.
Long Term Care Planning
Protecting assets from the devastating effects of long-term care expenses is one of the most important wealth preservation and wealth transfer issues facing seniors. Because people are living longer, it is becoming increasingly likely that you or a loved one will be admitted to a nursing home at some point. Unfortunately, the cost of long-term care is expensive and it continues to escalate.
As with most types of planning, more options are available to you if you plan early. However, if you or a loved one are currently admitted or about to be admitted into a nursing home we can still help you preserve significant assets from spend-down.
Real Estate Transactions
We provide a variety of services related to real estate transactions including drafting of purchase agreements, escrow contracts, and deeds.