Metro-Washington D.C., Maryland, & Virginia Estate Planning Attorneys Leesburg - Tysons Corner Estate Administration Lawyer
Clark & Associates maintains a trusts and estate practice serving individuals, including business owners, executives, and professionals. The services we provide include evaluating a client’s situation, reviewing alternatives, and recommending strategies to structure estates and to protect assets, creating the necessary documents, and—when necessary—representing our clients’ interests in related disputes.
Estate Planning Strategies
We believe that proper estate planning must be based upon a thorough understanding of the relationships between our client and each of our client’s beneficiaries and their respective personal styles, capabilities, and needs. In addition, we must have in-depth knowledge of our clients’ personal and financial objectives as well as their resources. With that knowledge, our estate planning attorneys can design and implement individually- crafted estate planning strategies that accomplish our clients’ personal and financial goals.
Estate Planning Counseling
We have a diverse client base, ranging from individuals with modest net worth to high-end clients who possess substantial assets. Since many of our clients own small businesses (or may be substantial shareholders of larger businesses), investment real estate, and stock options, counseling on estate planning may involve discussions on one or more of the following: the use of entities to assist in management and transfer of ownership, which, as a side benefit, may result in the reduction in value of the taxable estate; buy-sell agreements in closely-held businesses to ease the transition to the successors; gifting programs to reduce estate tax; and recommendations on the disposition of retirement benefits to maximize their effectiveness. We can illustrate the impact of the various estate planning strategies by the preparation of estate and gift tax projections.
Our Virginia estate planning attorneys have extensive experience in drafting and implementing a wide range of estate planning vehicles. Depending on our clients’ resources and estate planning objectives, we establish:
- Living (inter vivos) trusts
- Family limited partnerships (or LLCs)
- Special needs trusts
- Business trusts
- Irrevocable trusts
- Charitable remainder trusts
- Trusts for minor
- Generation skipping trusts
- Life insurance trusts
Clark & Associates also has substantial experience in handling trust and estate administration after death, including probate of estates. We represent executors, administrators, testamentary trustees, conservators, and beneficiaries throughout the post-death administrative process, assisting them in following accounting formats required by the courts and in preparing federal estate tax and fiduciary tax returns. We work with fiduciary’s accountants to ensure that the required income tax returns are complete and correct. We also represent clients in all manners of litigation and dispute resolution involving wills, trusts, and estates.
In addition to providing counsel and implementing estate planning strategies , we assist our clients in the planning and preparation of advance medical directives (living wills) and durable healthcare powers of attorney for their health care decisions, and durable general powers of attorney to assist with their asset management requirements.
Contact the law office of Clark & Associates if you need an experienced estate planning lawyer in the Washington Metropolitan area. Please contact our office by calling us at (571) 223-7477 or by filling out our online contact form to set up an appointment.