There is nothing more personal and often more difficult to discuss than estate planning. But deciding what happens to the assets you’ve accumulated is a must – regardless of the size of your estate. Plans must be comprehensive while having the flexibility to adapt to the ever-changing laws and unexpected family situations that may arise in the future.
There is no room for a standardized approach; each circumstance and objective is unique. The Schmiedeskamp estate planning team has been helping individuals, families and closely-held businesses with the careful planning and stewardship of estates and trusts for more than 100 years.
Estate and Trust Administration Expertise and Implementation
While solid planning is essential, the implementation of the plan is even more critical. The Schmiedeskamp legal team works closely with their clients to ensure assets are protected, preserved and distributed as planned while complying with applicable tax and other laws. The process starts during your lifetime and then continues with your fiduciaries, who implement your wishes upon incapacitation or death.
Cooperative Team Approach
Sought out for their deep experience and expertise, Schmiedeskamp lawyers often work as a team with clients' other advisors, like financial professionals, managers, accountants, and insurance agents to ensure that the clients' estate plans coordinate effectively.
Worked with second, third and sixth-generation, closely-held family businesses to develop essential personal and business succession planning
Successfully defended a sizeable estate in a contested will complaint
Developed a strategy to help several generations of a family preserve significant assets through the avoidance of estate taxes afforded by a generation-skipping trust
Devised a plan for a client to continue his legacy of fostering the arts by making a lifetime and testamentary gift of fine arts, books, and other cultural items along with some cash to cultural institutions and foundations established for social causes and other arts-related interests.
Estate planning may involve many challenges. Not infrequently these challenges are a desire to maintain assets such as a business or farmland for multiple generations..
Related Practice Areas
Buy-sell agreements
Charitable planning
Closely held business succession planning and exit planning
Comprehensive tax and estate planning
Estate, gift and generation-skipping transfer tax mitigation and avoidance Generation-skipping trust planning
Gift and estate tax return preparation
Sophisticated life insurance planning
Trust and estate administration
Trust litigation and trust modification
Will and trust planning and drafting
Multijurisdictional estate planning
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Our Estate, Trust & Wealth Preservation Team
Michael A. Bickhaus
Managing Partner
Jeffrey L. Terry
Partner
John R. Longlett
Partner
Harold B. Oakley
Partner
Joseph B. Ott
Partner
James A. Rapp
Partner
Steven E. Siebers
Partner
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