Estate Planning

Asset Protection:

Whether you have personal or business assets at risk, our attorneys can help you evaluate your possible liability and prepare a plan to minimize your current and potential exposure. Comprehensive asset protection involves proper corporate formation and compliance, sufficient capitalization, the proper levels of insurance, up-to-date contracts, and proper asset naming, division, and holding practices. Wolk & Levine, LLP takes a wholistic approach to asset protection and will work with your other advisors to prepare a plan that is complete, as well as manageable.

Our attorneys have experience in preparing various revocable and irrevocable trusts, forming holding companies, and drafting leases and licensing agreements to properly distribute your assets and intellectual property between multiple entities to reduce individual liability.

Contact our office today for a consultation to find out how we can assist you with your estate planning and asset protection needs.

General Estate Planning:

Whether you are interested in a simple living trust estate plan to avoid the time and expense of probate, or have a large estate you wish to shield from liability, our estate planning attorneys can assist you in creating a custom plan for a flat rate.

Our office has relationships with tax and insurance professionals to assist you in creating a comprehensive estate planning and asset protection plan.

The following are example packages prepared for other clients. You are welcome to choose from these options or ask one of our attorneys to prepare a custom plan for you and your family.

Trust Estate Plan Package 1
•A living trust to hold your assets to be distributed after your passing without subjecting your beneficiaries to the hassle of probate;
•A pour-over will placing all assets not accounted for in the living trust (such as those acquired later in your life or which were not placed in the trust by accident) into the trust at the time of your passing;
•Certification of Trust to be presented to financial institutions and lenders;
•Instructions for maintenance of your trust during your life and after your passing;
•Trust folder;
•Printing on 24lb durable paper;
•Free consultation with an attorney.

Living Trust Estate Plan Package 2 – Basic Living Trust Estate Plan with Real Property
•A living trust to hold your assets to be distributed after your passing without subjecting your beneficiaries to the hassle of probate;
•A pour-over will placing all assets not accounted for in the living trust (such as those acquired later in your life or which were not placed in the trust by accident) into the trust at the time of your passing;
•Certification of Trust to be presented to financial institutions and lenders;
•A healthcare directive to pass on your wishes regarding life support in the event that you become incapacitated;
•Powers of attorney appointing individuals of your choosing to manage your affairs should anything happen to you;
•Transfer and assignment paperwork, including deeds, to properly fund your trust and avoid probate, as well as county preliminary transfer reports.
•Instructions for maintenance of your trust during your life and after your passing;
•Trust folder;
•Printing on 24lb durable paper;
•Free consultation with an attorney.

Living Trust Estate Plan Package 3 – Living Trust Estate Plan with Life Insurance Or Generation Skipping Trusts
•A living trust to hold your assets to be distributed after your passing without subjecting your beneficiaries to the hassle of probate;
•A pour-over will placing all assets not accounted for in the living trust (such as those acquired later in your life or which were not placed in the trust by accident) into the trust at the time of your passing;
•Certification of Trust to be presented to financial institutions and lenders;
•A healthcare directive to pass on your wishes regarding life support in the event that you become incapacitated;
•Powers of attorney appointing individuals of your choosing to manage your affairs should anything happen to you;
•Irrevocable Life Insurance Trusts or Generation-Skipping Trusts;
•Transfer and assignment documents, including deeds, stock transfers, LLC membership interest and intellectual property assignments;
•Instructions for maintenance of your trust during your life and after your passing;
•Custom Trust Binder;
•Printing on 24lb durable paper;
•Free consultation with an attorney; and
•Free revisions for 1 year.

Living Trust Estate Plan Package 4 – Comprehensive Living Trust Estate Plan with Investment Property
•A living trust to hold your assets to be distributed after your passing without subjecting your beneficiaries to the hassle of probate;
•A pour-over will placing all assets not accounted for in the living trust (such as those acquired later in your life or which were not placed in the trust by accident) into the trust at the time of your passing;
•Certification of Trust to be presented to financial institutions and lenders;
•A healthcare directive to pass on your wishes regarding life support in the event that you become incapacitated;
•Powers of attorney appointing individuals of your choosing to manage your affairs should anything happen to you;
•Irrevocable Life Insurance Trusts or Generation-Skipping Trusts;
•Asset Protection Limited Liability Company (LLC) to hold investment property while shielding your other assets from liability;
•Transfer and assignment documents, including deeds, stock transfers, LLC membership interest and intellectual property assignments;
•Instructions for maintenance of your trust during your life and after your passing;
•Custom Trust Binder;
•Printing on 24lb durable paper;
•Free consultation with an attorney; and
•Free revisions for 1 year.

Living Trust Estate Plan Package 5 – Comprehensive Living Trust Estate Plan with Investment Property and Qualified Personal Residence Trust
•A living trust to hold your assets to be distributed after your passing without subjecting your beneficiaries to the hassle of probate;
•A pour-over will placing all assets not accounted for in the living trust (such as those acquired later in your life or which were not placed in the trust by accident) into the trust at the time of your passing;
•Certification of Trust to be presented to financial institutions and lenders;
•A healthcare directive to pass on your wishes regarding life support in the event that you become incapacitated;
•Powers of attorney appointing individuals of your choosing to manage your affairs should anything happen to you;
•Irrevocable Life Insurance Trusts or Generation-Skipping Trusts;
•Asset Protection Limited Liability Company (LLC) to hold investment property while shielding your other assets from liability;
•Qualified Personal Residence Trust to minimize the tax basis for your primary residence;
•Transfer and assignment documents, including deeds, stock transfers, LLC membership interest and intellectual property assignments;
•Instructions for maintenance of your trust during your life and after your passing;
•Custom Trust Binder;
•Printing on 24lb durable paper;
•Free consultation with an attorney; and
•Free revisions for 1 year.