Pennsylvania Estate Planning Attorney
Wills and Trusts ● Powers of Attorney
Estate planning is an essential component of sound financial management. Not only can it provide you with peace of mind knowing your family is cared for, but the proper estate planning tools can minimize your tax burden today and the taxation on your heirs tomorrow.
With the proper use of deeds and trusts, your heirs can also avoid the time-consuming process of probate.
Since 1978, estate planning attorney Elliot Mark Olen has been helping clients in Bucks County, Pennsylvania, achieve their estate planning and business planning goals, providing assistance with wills, trusts and other asset protection tools.
When you're ready to work with an estate planning professional to protect your family's future, contact our Fairless Hills law office to schedule a consultation.
A Range of Options to Meet a Variety of Goals
A cookie-cutter approach to estate planning may work for people with few assets, but for clients with significant financial and property assets or a family-owned business, a customized approach is essential.
Understanding your estate goals is the first step in crafting an appropriate estate plan. It's unlikely that a simple will is going to be effective. More commonly we see that a combination of a will, trust and power of attorney is required.
There are many types of trusts available, depending upon whether you are seeking immediate tax advantages or greater control over assets during your lifetime, or you are addressing special needs of the beneficiary. Mr. Olen can explain the benefits of these and other types of trusts:
- Revocable and irrevocable trusts
- Irrevocable life insurance trusts (ILITs)
- Generation-skipping trusts (GFTs)
- Lifetime trusts
- Qualified domestic trusts
- Special needs trusts (for Medicaid planning purposes)
- Credit shelter trusts
- Disclaimer trusts (for families in the top 2.5% of income)
Estate Planning for Non-Citizens
Clients with a non-citizen spouse need a qualified domestic trust (QDT) in order to properly transfer assets to that spouse. A simple will or other types of trusts will not be appropriate in this situation. We can help you implement a QDT.
Medical Decision Making
We can help you address the questions of medical care, medical decision making and financial decision making should you become incapacitated. Attorney Elliot Mark Olen will work with you to document your preferences regarding when power of attorney and living will documents will take effect and what they will cover.
Additional Estate Services
- Estate and Trust Administration: Our firm provides ongoing legal services to administer trusts and estates.
- Will Contests and Trust Disputes: As an experienced trial lawyer, Mr. Olen provides legal representation in estate-related litigation regarding wills and the management of trusts.
Contact Elliot Mark Olen
Contact our Bucks County law office today to begin the estate planning process.
The Law Office of Elliot Mark Olen
Oxford Crossing, Suite 302 ● 333 Oxford Valley Road
Fairless Hills, PA 19047
Phone: (215) 943-5343 ● Fax: (215) 943-5118
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Our law firm is located in the Oxford Valley area of Bucks County, Pennsylvania, where our Pennsylvania business law attorney serves the legal needs of businesses and individuals in the northern Philadelphia suburbs, including towns such as Yardley, Washington Crossing, Levittown, Fairless Hills, Newtown, Bensalem, Morrisville, Langhorne, Southampton, Huntingdon Valley and eastern Montgomery County. Our lawyers also represent clients from New Jersey and across the country who need legal services in the state of Pennsylvania.
