Estate Planning

Miller, Turetsky Rule & McLennan offers a full range of estate planning services for its clients. Jack Rule, Esquire, the lead attorney of the Probate and Estate’s practice in the office has over 38 years of continuous experience in all aspects of estate planning and estate and trust administration.  The Firm’s services include basic and customary wills and plans up through more complicated situations, including:Senior Couple Sitting on Bench

  • substantial federal estate tax and generation skipping tax planning;
  • business succession planning;
  • life insurance trusts;
  • living trust plans;
  • planning for families with beneficiaries who have special needs; and
  • planning for families with children from multiple marriages.

We provide clients who have basic estate planning needs and objectives two alternatives with respect to consultation and completion of the plan. One approach involves us providing an information gathering questionnaire that the clients can complete and return to us with the intention of us producing drafts which will be reviewed and finalized in a single in-person consultation. The other approach is to meet to discuss the plan and objectives in person and then meet a second time to finalize the completed documents.

Part of the information gathering questionnaire involves a summarization of assets owned and the manner in which these assets are titled (sole title, joint titling, or sole title with a designated individual beneficiary). This is a very important part of the process because it is important that the assets controlled by your will are coordinated properly with assets that might pass outside of your will.

It is our strong recommendation that in addition to a will, husbands and wives consider exchanging financial and health care powers of attorney with each other in addition to completing mutual, reciprocal wills.  Powers of Attorney allow the designated agent to act for the grantor of the power in the event he or she would become incapacitated. The main estate planning goal achieved by this is the avoidance of having to go to court for the appointment of a guardian. Statistically, younger adults have a much higher probability of suffering an incapacitating illness or accident than dying.  Guardianship is a costly procedure which has the legal effect of taking away the rights of the incapacitated individual and also requiring the guardian to proceed with the administration of the person’s affairs under fairly strict court supervision and accounting obligations.  It is easily avoided by granting a power of attorney.

Thank you for considering our firm; we look forward to the opportunity to assist you.

Law Library Articles - Will, Trusts, Estates – Planning & Administration