Areas of expertise
Family Wealth & Estate Planning
Estate planning can be complicated and difficult to navigate, but our firm works to make estate planning simple and comprehensive. Planning to transfer wealth and assets to loved ones of an individual during life and at death is an important consideration that requires efficient, thorough, and personalized estate planning. This involves determining the appropriate amount and type of assets to be transferred to family members or beneficiaries and the proper method by which to transfer those assets. The purpose is to safeguard not only those assets but the overall well-being of each loved one involved.
Your Local Trusted Authority in Estate Planning,Probate and Trust Matters
The attorneys in Carlile Patchen & Murphy LLP’s Family Wealth & Estate Planning Practice Group take pride in guiding our clients through the important process of protecting their families and their assets.
Once your estate plan is created, its important to review your plans after certain key life events, including marriage, the birth of a child, divorce or the death of a spouse, and a significant increase or decrease in assets. Download our checklist below, to ensure all your ducks are in a row.
Ready to schedule an appointment with one of our attorneys? We strive to be mindful of your time, download our estate planning questionnaire before your first meeting.
Estate Planning Questionnaire
Success Stories
Discover how we’ve helped individuals, families, and business owners secure their futures with thoughtful, comprehensive estate planning. From crafting tailored plans that minimize tax burdens to guiding families through complex probate matters, our success stories reflect our commitment to preserving what matters most.
Explore our Success Stories to see how we’ve made a lasting difference in the lives of those we serve, providing clarity, confidence, and peace of mind for generations to come.
Success Story
Succession Planning for Business Owner
The Problem
Business owners faced difficulty planning for the future of their business, including succession and tax-related concerns.
Our Solution
Our Attorney helped the business owners navigate the discussion of planning for the future of the business with different owners, developing a succession plan utilizing Buy-Sell Agreements, life insurance, and estate planning.
Clients made a plan for the future of the business and were able to fund it with various resources. Learn more about our Business, Estate Planning, and Taxation Services.
Success Story
Special Needs Trust for Long-Term Care and Asset Protection
The Problem
A family’s special needs child was named as a beneficiary in her uncle’s last will and testament. That inheritance, while a generous gift from the uncle, threatened the special needs child’s continuing eligibility for necessary governmental benefits.
Our Solution
Our attorney created a tailored special needs trust to receive the child’s inheritance, ensuring financial security without disrupting benefit eligibility.
The family gained peace of mind knowing the child’s future needs were met through a sustainable and protected structure.
Learn more about our Estate & Wealth Planning Services.
Success Story
Business Succession Planning for Family-Owned Business
The Problem
A family-owned business was approaching a generational transition, and the owners needed to develop a succession plan that would keep the business running smoothly while minimizing tax liabilities.
Our Solution
Our attorney worked closely with the business owner to structure a plan that addressed ownership transition, minimizing estate and gift taxes while ensuring that the business remained operational and profitable. The company successfully transitioned to the next generation with a clear, tax-efficient succession plan that preserved both family legacy and business value.
Estate Planning and Trust Services
Our trust and estate planning attorneys understand that every estate plan is unique. We offer the highest level of professional expertise in helping our clients tailor an estate plan to meet their needs. Our Family Wealth & Estate Planning Practice Group will make sure your directives are met according to your specifications. At the same time, we will work to minimize your transfer taxes, probate costs, and court involvement.
+ Last Will and Testament
A will directs your executor to distribute your assets according to your wishes upon your death. A will is necessary for every estate plan to avoid property passing in a manner different from how you intend, and to avoid preventable probate expenses.
Learn more about how we can help setup a Last Will and Testament.
+Living Will
A living will is a medical directive that communicates your wishes for medical care if you become incapacitated. A living will is a vital component of a thorough estate plan.
+Healthcare Power of Attorney and Living Will
These documents have become standard in the healthcare industry to authorize someone to make medical and end-of-life decisions for you when you are unable to do so yourself.
+Durable Financial Powers of Attorney
A financial power of attorney appoints someone as your agent to transact any business (personal or commercial) or perform any legal act that you could do, and in most circumstances avoid the appointment of a guardian for you if you become incapacitated. Our lawyers counsel you as to which powers to use, and which to avoid, tailored specifically to your circumstances.
+Trust Creation and Administration
Trusts are very useful tools, even for those with modest assets. Leaving some or all your property in trust allows you to postpone children receiving their entire inheritance at age 18. A trust can ensure there are funds available for your children’s needs, protect your children’s inheritance from their creditors (including a spouse in a divorce) and still provide flexibility to allow for change, as future circumstances might change. We can guide you in choosing the right trustee to ensure that your wishes are properly and professionally carried out. We can assist the trustee and beneficiary in ensuring the trust is being properly administered according to the terms of the trust.
+Gifting
Our Estate Planning lawyers are highly skilled at employing the most sophisticated lifetime gifting strategies to reduce or eliminate your family’s exposure to income and estate taxes. By employing techniques as simple as one-time or annual gifts to younger generation family members, our lawyers can dramatically increase the amount of assets passing to your descendants free of gift and estate tax.
+Premarital Agreements
More couples are consenting to sign a premarital agreement. These agreements determine separate and marital property, who brought what into the marriage, and who gets what upon the termination of the marriage (whether by death or divorce). Our Estate Planning lawyers work cooperatively with you in crafting these documents to ensure you accomplish what you intend.
Special Needs and Elder Law
Special Needs Attorneys
Families with a disabled beneficiary require special planning to match that beneficiary’s specific needs and provide family members with peace of mind that their loved one will continue to have an elevated quality of life after the primary caregivers pass away. Special needs planning involves the use of customized trusts, which permit a disabled loved one to receive government benefits while receiving an inheritance. With proper planning and counsel from an attorney who understands special needs beneficiaries, family members of disabled loved ones can avoid the dilemma of having to disinherit a disabled individual to maintain that individual’s eligibility for public, need-based assistance.
Business Succession Planning
Surveys indicate that more than 50% of businesses lack a succession plan and approximately 70% will not survive through the next generation. Our business succession planning attorneys understand that business succession planning is a critical part of a business owner’s lifetime estate plan. Business owners must make choices about selling or liquidating their business or choosing and training successor management.
Considerations include:
- Varying needs, abilities, and expectations of family members
- Differing needs, abilities, and expectations of key employees
- Minimizing taxes and expenses
- Preserving family harmony
Whether your business is a C Corporation, an S Corporation, an LLC, a partnership, or a sole proprietorship, entity designation can significantly affect what planning opportunities are available to you. Our business succession team will skillfully guide you through the determination of the choice of entity to maximize the success of your business succession planning.
Probate and Trust Administration
The probate and trust attorneys in Carlile Patchen & Murphy LLP’s Family Wealth & Estate Planning Group understand the sensitive nature of representing a family member who has recently lost a loved one. We manage the details and complexities of estate administration while we guide our clients through the entire probate process.
We practice in all areas of Probate Law including:
How can we help you today?
Give us a call or send a message with any inquiries and legal questions.
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