Estate Law

Depending upon the client's need, we often establish other business entities and/or prepare insurance, charitable and other irrevocable trusts.

Lovelace Killen, conducts a wide array of estate planning for its clients, from a simple will to complex estate plans. The focus of the firm's estate planning practice is to advise clients regarding basic principles of the complex federal estate tax laws, achieve their dispositive intent with minimum estate, gift and property tax consequences. Overall estate planning usually begins with the creation of a revocable family trust, wills, and durable powers of attorney for health care and financial management.

Throughout this process, start to finish, you and your family can benefit from the guidance of a skilled estate planning attorney. Clients are counseled on the appropriate use of various available techniques, such as living trusts utilizing the unlimited marital deduction through the use of “Q-TIP” trusts and unified credit trusts, minimizing the adverse effects of the generation- skipping tax, reducing the taxable estate through lifetime gifts, the establishment of life insurance trusts, residence “GRIT’s” and other irrevocable trusts, family limited partnerships and other property transfers and “asset protection” mechanisms. The firm coordinates with the client’s financial and insurance advisors to analyze insurance needs, and the form in which the insurance is or should be held.

The firm handles the following estate planning techniques and topics:

• Asset Protection
• Charitable Remainder Trusts
• Charitable Trusts and Gifts
• Conservatorships
• Elder Law
• Estate Tax Minimization
• Family Limited Partnerships/LLCs
• General Powers of Attorney
• Gift Tax
• GRATs & GRITs
• Guardianships
• Health Care Powers of Attorney
• Life Insurance Trusts
• Limited Powers of Attorney
• Living Wills
• Irrevocable Trusts
• Revocable Living Trusts
• Wills
• Trusts