A Will is both an effective and cost-efficient vehicle for the transfer of assets from one generation. Wills can include trusts which can control distribution of assets to those who need help in managing them, and also can save hundreds of thousands of dollars in estate taxes. In some circumstances, however, a living trust may more efficiently distribute your assets while avoiding probate court. Jack Moore will work with you to draft a Will that addresses your needs and to draft any trusts necessary to meet your goals.
Larger estates requiring tax planning - A larger spectrum of estate planning solutions are available that include Wills, a variety of trust instruments, and gifting programs.
These may include:
Irrevocable Life Insurance Trusts
Inter Vivos Grantor Trusts (also known as Revocable Living Trusts)
Credit Shelter Trusts to preserve estates from unnecessary taxation
Charitable Remainder Trusts
Special Needs Trusts for Disabled Children
Jack will also help you plan for sudden incapacity through durable powers of attorney and advance directives for health care which authorize trusted persons to manage your financial and healthcare interests in periods when you cannot do so yourself. This planning will include an advance directive to physicians regarding extended life support during a final illness or irreversible condition which will remove any doubt as to your intentions.
Wills and Trusts
Everyone needs an estate plan to ensure that family and financial goals are met after death. An essential part of any estate plan is a Will to control the distribution of your assets and to provide for guardianship of minor children. If an individual does not have a Will, the state will determine who receives your assets and who raises your minor children.
Jack Moore advises families, individuals, and business owners about:
Incapacity Planning through Powers of Attorney
Wealth Transfer through Wills and Trusts
Probate and Estate Administration
Jack Moore represents executors in the probate of Wills following the loss of a loved one and in the probate of estates where no Will exists.
Inventory/Account for the Assets of the Estate
Resolve Estate Claims
Resolve Estate Tax Issues
Trustee Advisement of Responsibilities
Jack Moore works with you to ensure that deadlines are met and documents filed properly, resulting in a more efficient probate, saving the estate time and money.
Jack will ensure that your loved one’s wishes are met and that beneficiaries are provided for in a manner consistent with their intent.
Special Needs Trusts
Jack Moore works with families of individuals with special mental or physical needs to develop a plan to provide for the individual to receive government benefits such as Social Security or Medicaid, while having financial resources available in a trust to cover "supplemental" expenses.
Special Needs Services include:
Estimating the financial needs to fully fund a Special Needs Trust
Establishing a Special Needs Trust (either inter vivos or testamentary)
Obtaining State approval of the trust where necessary
Identifying alternatives to fund the Special Needs Trust
Working with caregivers to document information for future caregivers
Drafting Wills which pass any gifts to the Special Needs Trust to protect government benefits
Jack also works with individuals with special needs to establish Special Needs Trusts that are Self-Settled to provide financial resources for "supplemental" expenses.