Areas of Practice

  • Estates Not Subject to Federal Estate Tax
    • Basic Estate Planning Package (Simple Will, Power of Attorney and Advance Health Care Directive/Living Will).
    • Complex Wills.
    • Revocable and Irrevocable Trusts.
    • Special Needs Trusts.
    • Medicaid Planning.
    • Documents to fit the Client’s Unique Situation.
  • Estates Subjectfederal Estate Tax
    • Asset Review.
    • Estate Plan to Minimize or Eliminate Federal Estate Tax.
    • Tax Saving Transfers.
    • Formula Unified Credit/Marital Trust Wills.
    • Family Limited Partnerships.
    • Qualified Personal Residence Trusts.
    • Charitable Trusts (Lead Trusts and Remainder Trusts).
  • Estate Lawyer in Philadelphia
    • Preparation of All Probate Documents.
    • Preparation of All Transfer and Fiduciary Income Tax Returns.
    • Collection of Assets and Payment of Obligations.
    • Maintain Records.
    • Recommend Tax Savings Strategies.
    • Preparation of Accounting and Closing Documents.
    • Prepare Federal and State Fiduciary Income Tax Returns.
  • Philadelphia Estate Attorney
    • Will Contest Before the Register of Wills and Orphans’ Court.
    • Objection to Accountings.
    • Surcharge Issues.
    • Defense of Fiduciaries.

Philadelphia living wills and trusts

Philadelphia living wills and trusts provide you with the opportunity to determine how you want your assets divided among your children when you pass away. A living will provides you with a chance to tell your legal power of attorney what type of medical decisions you approve of. For example, if you do not want to be placed on life support, you can say so in your living will. This way your loved ones will honor your wishes if you are in a coma or you have other health issues. Preparing the Philadelphia living wills and trusts on your own can be incredibly difficult and you may not remember to sign all of the paperwork and other things that cause the will to become a legal document. Hiring a good attorney will provide you with the help you need to make sure your last wishes are executed properly.

Your trust is just as important as your will as you must appoint a trustee to oversee your trust and manage your assets on your behalf. Setting up a trust is complex as well because there are so many different options to choose from. Here are a few of the common trusts you need to learn about before you create the first one you read about:

  • Living trust
  • Revocable trust
  • Irrevocable trust
  • After death trust
  • Specific use trust
  • Blind trust

Since there are so many to choose from, it helps to hire a qualified attorney to help you. Our skilled attorney, Milton D. Abowitz, Esq. has years of experience with Philadelphia living wills

and trusts and he will make the entire process go smoothly and quickly. Some people set up a trust without realizing that they could be leaving their children with an expensive inheritance tax. In order to avoid doing this to your children, our law firm will create the trust fund with the right language so it will not head to probate.

Philadelphia living wills and trusts can become confusing if you don’t have a goof attorney at your side to assist you. Contact our law firm today for a free initial conference where we will discuss your options.

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1420 Walnut Street, Suite 1012
Philadelphia, PA 19102

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