Baldwin Haspel Burke & Mayer LLC

Estate Planning & Successions

Overview

Wealth Preservation

Estate Planning can be complex, but at its core it has a primary purpose: transfer of assets in a tax efficient manner that addresses family needs and goals.

Baldwin Haspel Burke & Mayer’s estate planning attorneys develop plans for managing and disposing of estates in accordance with the wishes of clients with appropriate care to reduce exposure to federal estate tax and other transfer taxes.

Our attorneys prepare Wills, Trusts (both lifetime and testamentary), family partnerships and LLCs, as well as a variety of other documents useful in estate planning. Advice is also provided concerning life insurance, retirement benefits, income and transfer taxes as well as asset protection strategies. In addition, it is often recommended that clients consider executing a General Power of Attorney, Health Care Power of Attorney, Living Will (Declaration) and, when appropriate, Special Needs Trusts for those beneficiaries for whom such planning is recommended.

For owners of businesses, we help structure ownership succession and develop agreements among owners for continued, multi-generational management and operation.

Planning recommendations are developed after careful analysis of a client’s goals and the assets that comprise the estate. Some situations require a more sophisticated technique than others and our attorneys seek to develop the right plan for each client.

Probate Proceedings (Successions in Louisiana)

The Louisiana term for a probate procedure is “succession”. It involves the gathering of information relating to assets and liabilities of a decedent so that the interests of creditors and beneficiaries can be addressed in a timely fashion as provided by law.

Our attorneys and paralegal staff assist the executor or administrator in the interpretation of Wills and Trusts, valuation issues, determining the interests of heirs or legatees and representation with respect to claims by or against the estate.

Where necessary, we prepare the federal estate tax return, any State death tax returns that may apply and handle ancillary probate procedures in other states in which the decedent owned real property.

In addition, our attorneys are experienced in handling Will contests and interpretation challenges when those issues arise.



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