Estate, Business, and Tax Planning
Estate Planning
Estate planning is a sensitive topic for clients because of the personal and private issues involved. In addition to working with a wide variety of clients, Paesano Akkashian’s attorneys are intimately knowledgeable of the legal nuances and family concerns in this area of the law.
Wills, revocable trusts, advanced directives for medical and financial decisions are standard tools in estate planning. Using more advanced tools, such as charitable trusts, insurance trusts, off-shore trusts, special needs trusts, and LLCs are also an option in many, but not all, instances. An appreciation of the family’s goals and the effect a decision will have under the law is critical, e.g. a wise tax decision may have an unintended, negative consequence on the family.
Our services include:
Reviewing retirement plan distribution alternatives
Advising clients on income, gift, estate and generation-skipping tax matters
Bringing and defending contested probate matters, including will and trust contests, and will and trust construction
Creating and advising charitable giving programs and family foundations
ESTATE AND TRUST ADMINISTRATION
Devising and implementing and effective estate plan is half of the challenge for individuals aiming at a smooth transition of generational wealth. Without an effective estate plan and dedicated fiduciary, the estate and trust administration process can quickly become a messy, costly nuisance that eats up valuable assets.
Paesano Akkashian regularly advises clients on complicated estate and trust administration issues with an eye toward efficient administration and cost-effective strategies that preserve estate or trust assets for their intended beneficiaries.
Such experience is essential for individuals with high net worth individuals, as a strong understanding of the statutory and economic implications of complex business and estate strategies is necessary to assist clients in minimizing and managing potential exposure under respective tax and estate laws.
LITIGATION AND PROBATE ACTIONS
Often, the most diligent estate planning cannot prevent disputes over the distribution of assets after a loved one’s death. Complicated disputes regarding the administration of trust assets, malfeasance of fiduciaries, or the capacity of testators requires aggressive and skilled litigators. Paesano Akkashian regularly represents clients in difficult, contentious probate and trust litigation matters, advocating for their interests in disputes around the United States.
Additionally, Paesano Akkashian frequently assists clients with conservator and guardianship petitions and disputes. We advocate on behalf of incapacitated individuals and family members seeking to serve as their fiduciary.
Tax Planning and Services
In addition to assisting in developing and implementing robust estate plans, Paesano Akkashian provides tax guidance to clients of all sizes. With ever-changing tax laws and regulations, Paesano Akkashian clients can rest easy that their protected.