Peace Of Mind For The Future: For Yourself And Your Family
Are your plans in place, or are you assuming that your spouse and children will “work it out?” Do you need to update an old Will to reflect life changes or protect your increased asset base? Do you need to consider strategies to protect your assets if you must enter a skilled nursing facility? A failure to develop your estate plan today will later likely add difficulties for your loved ones and significant costs to the settlement of your estate.
At the law firm of Hummel, Lewis & Smith, LLP, we provide basic estate planning and elder law services as well as advanced strategies to minimize the costs of estate settlement and taxes and provide for specific needs of your heirs. We can develop a comprehensive and reasonably priced plan to meet your goals and give you peace of mind. Attorney Barry Lewis has over 25 years of experience in estate planning and elder law matters.
Planning Before Major Life Changes Happen
We will help you think about your legacy and what you want your family to know and do if you die or become incapacitated. We can create a comprehensive estate and elder law plan to outline those wishes using a variety of estate planning tools such as:
- A Will or trust
- Powers of attorney
- Health care directives for medical and end-of-life decisions (also called a Living Will)
- Appointment of guardians for minor children
We are knowledgeable about various vehicles used to accomplish more sophisticated estate planning goals for high net worth clients, including family limited partnerships (FLP) for the succession of a family business, special needs trusts for a disabled child, charitable trusts and trusts to bypass probate or minimize inheritance tax.
We also advise clients on elder law issues, the gifting of assets to children and asset planning to anticipate nursing home care.
With Marcellus Shale production in our area of the nation, it is important to consider your mineral and gas rights when forming your estate plan. We can advise you on gas and pipeline agreements and help you plan for the distribution of your gas rights if you become ill or pass away.
We can also efficiently settle the estate of a loved one who has passed away or handle probate litigation. We have been in litigation in Orphans Court regarding the appointment of administrators of estates as well as questions pertaining to the accounting of the estate. Attorney Lewis has been appointed by the Court to act as an auditor for contested accountings.
Farm And Business Succession And Transitions
The attorneys at Hummel, Lewis & Smith, LLP recognize the challenges of transitioning a farm or business to the next generation. Attorney Rob Davidson is a certified farm succession coordinator whose plans have moved many farms and businesses to the next generation. Along with your accountant and other trusted advisers, we develop a plan that meets your wishes and the very specific needs of your farm or business.
Contact Us Today To Discuss Your Estate Planning Needs
We serve a wide spectrum of clients throughout northeastern and north-central Pennsylvania.