{"id":140,"date":"2014-08-01T07:55:05","date_gmt":"2014-08-01T07:55:05","guid":{"rendered":"http:\/\/bamlaw.com\/wordpress\/?page_id=140"},"modified":"2019-01-14T20:12:27","modified_gmt":"2019-01-15T04:12:27","slug":"estate-planning-estate-and-trust-administration","status":"publish","type":"page","link":"https:\/\/bamlaw.com\/wordpress\/estate-planning-estate-and-trust-administration\/","title":{"rendered":"Estate Planning; Estate and Trust Administration"},"content":{"rendered":"<p>For over half a century Bancroft &amp; McAlister has been a leader in the field of estate planning and estate and trust administration. The attorneys who practice in this group provide a wide range of experience in the following areas of estate planning:<\/p>\n<ul>\n<li>Planning for and preparation of revocable living trusts, wills and related documents such as powers of attorney and health care directives.<\/li>\n<li>Planning for and preparation of irrevocable trusts such as insurance trusts, trusts for children and grandchildren, charitable remainder trusts, trusts creating family foundations.<\/li>\n<li>Advising on the effects of the changing federal estate and gift tax exemption.<\/li>\n<li>Providing income tax, property tax, and transfer tax advice relating to all of the above.<\/li>\n<\/ul>\n<p>Also, following a decedent\u2019s death, the legal assistants and lawyers of the firm handle the post-death administration of a will (probate) or trust. (Since most of the firm\u2019s estate planning clients will have a revocable living trust, probates have become less common, and the focus usually is on the administration of the trust.) Post-death administration tasks include:<\/p>\n<ul>\n<li>Working with the family to ensure that there is sufficient liquidity following the death of a family member.<\/li>\n<li>Advising on Federal estate tax returns.<\/li>\n<li>Advising on trust and estate income tax returns.<\/li>\n<li>Supervising the preparation of fiduciary accountings.<\/li>\n<li>Providing post-death tax planning.<\/li>\n<li>Petitioning the probate courts where issues involving the trust, trustees, family etc. require court intervention or supervision.<\/li>\n<li>Funding sub-trusts in such a way as to minimize income and transfer taxes.<\/li>\n<\/ul>\n<p>In addition, the lawyers are frequently counselors to families on matters that go beyond tax and trust administration issues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For over half a century Bancroft &amp; McAlister has been a leader in the field of estate planning and estate and trust administration. The attorneys who practice in this group provide a wide range of experience in the following areas of estate planning: Planning for and preparation of revocable living&#8230;<\/p>\n<p> <a class=\"continue-reading-link\" href=\"https:\/\/bamlaw.com\/wordpress\/estate-planning-estate-and-trust-administration\/\"><span>Continue reading<\/span><i class=\"crycon-right-dir\"><\/i><\/a> <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-140","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/bamlaw.com\/wordpress\/wp-json\/wp\/v2\/pages\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bamlaw.com\/wordpress\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bamlaw.com\/wordpress\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bamlaw.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bamlaw.com\/wordpress\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":0,"href":"https:\/\/bamlaw.com\/wordpress\/wp-json\/wp\/v2\/pages\/140\/revisions"}],"wp:attachment":[{"href":"https:\/\/bamlaw.com\/wordpress\/wp-json\/wp\/v2\/media?parent=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}