Careful legal planning is the most important step an individual or business can take to protect assets and pass them on to your desired beneficiaries. The attorneys at Kenny, Kain & Jablonsky are committed to help you and your family through the vast array of choices in planning your estate. Through our trusted and compassionate attorney’s advice we will work to maintain your family’s harmony while understanding the complexity of family dynamics.
Estate planning is the process where you plan for contingencies including incapacity and death. It encompasses navigating complex legal rules, considering potential liabilities (including taxes, liabilities and long-term medical expenses) and avoiding potential pitfalls of litigation that may occur in certain circumstances.
Estate planning may involve the establishment of wills, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney, durable medical power of attorney and living wills. Specific final arrangements, such as whether to be buried or cremated, are also often part of the documents.
More sophisticated estate plans cover deferring or decreasing estate taxes or succession planning of a business. The attorneys at Kenny, Kain & Jablonsky can help you with complex tax planning, irrevocable insurance trusts, charitable remainder and lead trusts, GRATS – Grantor Retained Annuity Trust and QPRTS – Qualified Personal Residence Trust.
Whether you have a simple estate or complex succession planning for businesses, you can trust the attorneys at Kenny, Kain & Jablonsky. Call today for your initial consultation (630) 536-8118.