The importance of estate planning cannot be overemphasized. The adverse financial and human consequences of ill-considered planning can be crippling to individuals and their families.
Baker
Newby LLP has experience in all aspects of
estate planning and administration, from simple estate plans to
complex corporate organizations, to ensure the orderly and tax efficient
succession of family business. We offer comprehensive advice in
all aspects of personal tax, estate planning, estate administration,
the preparation of trusts, marriage contracts, wills, powers of
attorney for property and powers of attorney for personal care.
Personal
Tax and Estate Planning
Estate planning involves much more than producing a will. Planning
begins with analysis of your assets, an understanding of who you
wish to benefit and appreciation of family relationships. We can
also assist you to minimize your tax liability and probate fees
on death in order to maximize what your beneficiaries will receive
from your estate. Furthermore, Baker Newby LLP
understands that in appropriate circumstances, trusts can play an
important role in estate planning.
Estate
Administration
Our years of experience in estate administration mean that we can
quickly identify and anticipate issues and assist in their resolution.
In
addition to making applications to court for the appointment of
personal representatives, we are involved in applications to court
to defend the validity of a will or to obtain directions from the
court, as well as on the passing of accounts of personal representatives.
In
estate planning the appointment of an executor and trustee is an
important decision. We have the necessary resources and expertise
to assist and guide executors and trustees by acting on their behalf
in carrying out day-to-day functions and responsibilities. Executors
and trustees of estates vary greatly with respect to their involvement
in ongoing administration. For those who want to be actively involved,
we can provide information required to handle most of the aspects
of the administration yourself, while ensuring that you do not neglect
any of your duties and responsibilities. For those who have less
time to dedicate to the administration, we can attend to many of
the routine matters on your behalf based upon our substantial experience.
Powers
of Attorney
Baker Newby LLP has developed the necessary
expertise to give advice in connection with and to prepare continuing
powers of attorney for property which will survive the incapacity
of the person giving the power of attorney, as well as powers of
attorney for personal care which have replaced what used to be known
colloquially as "living wills".
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