Estate Planning and Administration Helps You Prepare for the Future
My office advises clients in Northeastern Pennsylvania on wills, trusts and estate administration
No one knows what tomorrow may bring, but there are some unavoidable events for which you can prepare. You’ve worked too hard to risk your personal security or the legacy you leave, so it is wise to establish an estate plan you can count on no matter what comes your way. I help clients in Northeastern Pennsylvania guard against the unpredictable and prepare the requisite documents to allow clients to feel comfortable about their assets being appropriately protected and transferred in the future. Whether your estate is substantial or modest, I can work with you to design an estate plan that fits your unique circumstances and addresses your concerns.
Establishing a well-thought-out estate plan allows you to provide protection for your property, finances and medical care. Your answers to these and other questions will inform your choices: Do you want to maximize giving to your heirs? Preserve a vacation home? Provide for a child with special needs? Appoint a decision-maker in case you become incapacitated? To address these concerns and others, you can rely on me to help with a comprehensive estate plan. I provide legal assistance with the following:
- Will drafting, execution and review
- Reciprocal wills
- Advance healthcare directives (living wills)
- Powers of attorney
- Estate tax issues
- Choosing the appropriate executor
Each person has different concerns and goals for the future. I work closely with you to determine your priorities and create precise instruments to carry out your intentions.
Wills, guardianships and powers of attorney
Estate plans can include instructions not only for distributing your property after you’ve passed but also for handling decisions in the event you can no longer make them for yourself. Though it may be difficult to think about your mortality, clear and thorough plans can remove the fear of uncertainty. I can help with:
- Wills — Your last will and testament provides the opportunity to distribute property, establish care for children and otherwise express your final wishes. A will is also the primary means by which you can leave property to a person or entity other than a blood relative.
- Trusts — Trusts are flexible instruments that allow you to put conditions on gifts and provide an allowance for a beneficiary rather than a lump sum. Revocable and irrevocable trusts can become complicated and required that the creator of the trust be fully informed as to the future ramifications of each.
- Advance directives — Advance directives allow you to clearly articulate your preferences for medical treatment and lifesaving interventions. They can set forth instructions on various matters, including who should serve as your healthcare proxy (or power of attorney) if you are incapacitated.
- Guardianships — If you have minor children, it’s important to plan for their care in the event you and their other parent pass away. Choosing a reliable, capable and trustworthy guardian can help ensure your children grow up feeling cared for and loved.
Knowing that you have planned for the long-term well-being and financial security of your loved ones can be comforting. I thoroughly analyze your estate and review the best means of transferring your assets, minimizing taxes, and supporting philanthropic causes.
Contact Attorney Peter O'Donnell (570) 501-3790
For comprehensive estate planning or administration services call Attorney Peter O'Donnell 570-501-3790 or contact me online to schedule a consultation at my office.