Estate Planning

Have you or a loved one given thought to the future and what will happen to your estate after you are gone? The estate planning lawyers of Burk & Reedy, in Washington, D.C. and Newport Beach, California, can assist you in forming and executing your estate plan. Our District of Columbia / California attorneys represent clients both domestically and internationally.

Estate planning is an exercise in wealth preservation that everyone should take seriously. Establishing an estate plan not only protects yourself, but your loved ones as well. By having an estate plan in place a person is able to have his or her assets distributed according to their wishes after they pass. When a person dies with out having an estate plan in place, the state takes charge of the disposition of your assets by law…and may impose hefty estate taxes on your assets.

There are a number of factors involved in planning ones estate, including writing a trust or will, which specifies what you want to have happen to your assets after you are gone. You may also create a trust as part of your estate plan. An example of a trust is when a parent dies and they have a son or a daughter under the age of eighteen and they want their money to be safeguarded until their children turn eighteen years old. A person may also create a health directive which will say what you would like to have happen if you are to become incapacitated and cannot think or act on your own behalf.

Advanced estate planning techniques are not just for multi-million dollar estates. There are many taxes that are involved in an estate plan and our estate planning lawyers can assist you in possibly avoiding these taxes. Charitable estate planning can also save you estate and income taxes, along with benefiting you and your family.

As your final planning document, you want to have complete confidence in the legality and strength of your will or estate plan. Contact us today to make sure that your estate planning wishes are met after you have passed.