Estate & Lifetime
Planning
Secure your Future &
Protect
Your Loved Ones
At Luschas & Naparsteck, LLP, we believe that estate planning is a crucial step in securing your future and protecting the interests of your loved ones. Our experienced attorneys specialize in estate and lifetime planning, offering comprehensive strategies tailored to your unique circumstances and goals.
Estate & Lifetime Planning involves the creation of essential legal documents that form a complete estate plan, including a last will and testament, financial power of attorney, and healthcare directive.
Regardless of your age or net worth, we recommend estate and lifetime planning for all our clients.
Last Will and Testament
Power of Attorney
Healthcare Directive
Preserve your Legacy
Take Control
of Asset Distribution
At Luschas & Naparsteck, LLP, we believe that estate planning is a crucial step in securing your future and protecting the interests of your loved ones. Our experienced attorneys specialize in estate and lifetime planning, offering comprehensive strategies tailored to your unique circumstances and goals.
Estate & Lifetime Planning involves the creation of essential legal documents that form a complete estate plan, including a last will and testament, financial power of attorney, and healthcare directive.
Regardless of your age or net worth, we recommend estate and lifetime planning for all our clients.
Estate and Lifetime Planning is a proactive approach that offers numerous benefits
Protect your assets and ensure their efficient transfer to your chosen beneficiaries.
Maintain control over your financial and healthcare decisions, even in challenging circumstances.
Reduce the burden on your loved ones by clearly outlining your wishes and instructions.
Safeguard your Children's Future:
Importance of Estate Planning
for Families of Young Children
We understand that family is the cornerstone of your life, and nothing matters more than the well-being of your children. While it’s natural to hope for the best, it’s equally important to plan for the unexpected. Our estate planning services are designed to empower you to make critical decisions for your family’s future, especially when it comes to the care of your young children.
One of the most critical components of your estate plan is the Last Will and Testament. This legal document allows you to do more than just distribute your assets; it also enables you to make provisions for the care and custody of your minor children in case both parents pass away. Designating a guardian for your children is a profound responsibility that you can address through your will.
As parents, our primary concern is our children’s well-being. While we can’t predict the future, we can take steps to ensure our children are protected and cared for, no matter what comes our way. Don’t delay in securing your children’s future. Contact us today and let’s work together to give your children the gift of a secure and loving future, no matter what life brings.
$27.00
National hourly cost for a Home Health Aide in 2021
$54,000
$108,405
Annual National Median cost for a Nursing Home Private Room in 2021
Tailored Estate Planning
Solutions
for Blended Families
We understand that estate planning can be particularly complex and sensitive when it comes to blended families. We develop comprehensive estate plans that cater specifically to the unique needs of blended families, ensuring that your legacy is protected and your wishes are fulfilled.
Blended families, where one or both partners have children from previous relationships, present a distinct set of challenges when it comes to estate planning. One of the most common estate planning approaches involves distributing the estate to the surviving spouse. While this might seem appropriate initially, it can lead to unforeseen risks when the surviving spouse decides to modify their estate plan.
Life is full of changes, and so are your family dynamics and financial circumstances. We understand that your estate plan must reflect these changes. Our firm offers regular reviews of your estate plan to ensure that it remains up-to-date and aligned with your current objectives.
Only 32%
Only 32% of American adults have estate planning documents, such as a will or living trust, in place
70%
53 Million
According to the AARP, about 53 million Americans are unpaid caregivers, providing care to adults with health or functional needs.
Strategic
Real Estate Planning
for your Will
Your Last Will and Testament is the cornerstone of your estate plan. It’s the document that ensures your wishes are honored after you’re gone, outlining how your assets will be distributed among your beneficiaries. One critical consideration for many clients is their home—the cornerstone of their legacy. Should you gift your home during your lifetime or include it in your will? The answer requires a deep understanding of tax implications, and that’s where we come in.
Consider this scenario: you purchased your home 30 years ago for $100,000. Fast forward to the present day, and its fair market value is $300,000 at the time of your passing. If you leave the property to your children through your will, the home’s cost basis is adjusted, or “stepped up,” to its current value of $300,000.
Why does this matter? When your children eventually sell the home for $500,000, their taxable gain is calculated by subtracting the stepped-up basis from the sale price ($500,000 – $300,000 = $200,000 gain). This significantly reduces their potential capital gains tax liability.
At Luschas, Naparsteck & Crane, LLP, we help our clients in analyzing the tax advantages and disadvantages of various estate planning strategies. Our team of skilled attorneys will work closely with you to assess your unique situation, your financial goals, and your family’s needs. We’ll create a tailored estate plan that not only protects your assets during your lifetime but also ensures a smooth transition of wealth to the next generation.
Appoint an Executor
The executor’s responsibilities may include locating and inventorying assets, paying debts and taxes, distributing assets to beneficiaries, and handling any legal proceedings.
Distribute your Estate
You can distribute assets in various ways, such as specific bequests (e.g., leaving a particular item or sum of money to a specific person), percentage distributions, or creating trusts for certain beneficiaries.
Review and Update your Will periodically
It’s essential to review and update your will periodically, especially after significant life events such as marriage, divorce, birth of children or grandchildren, or changes in financial circumstances.
Honoring
Those Who Serve
At Luschas, Naparsteck & Crane, LLP, we hold the utmost respect and gratitude for our veterans who have selflessly served our country. As a token of our appreciation, we are proud to offer a special veterans discount on our Estate and Lifetime Planning services.
To learn more about our veterans discount and how we can assist you with your estate planning needs, please contact us today. Our friendly team is ready to provide personalized attention, answer your questions, and guide you through the process with the respect and professionalism you deserve.
Convenient Access to Your
Estate
Plan
At Luschas, Naparsteck & Crane, we understand the importance of easy and convenient access to your estate planning documents. That’s why we offer a secure and user-friendly client portal, giving you 24/7 access to your estate plan from the convenience of your phone.
Our client portal provides a centralized and organized platform where you can securely access, view, and manage your estate planning documents anytime, anywhere. Whether you need to review your will, trust, powers of attorney, or other important documents, they are just a few taps away.
With our client portal, you no longer need to worry about misplacing or carrying around physical copies of your estate plan. You can have peace of mind knowing that your documents are safely stored in the cloud and accessible whenever you need them.
In addition to document access, our client portal offers other valuable features. You can securely communicate with our team, ask questions, and receive updates on your estate plan. It’s a convenient and efficient way to stay connected with us and ensure that your estate plan remains up to date.
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