Souderton Estate Planning & Administration Lawyers

Respected Estate Planning & Administration Lawyers Serve Clients In Souderton and Across Southeastern Pennsylvania

You’ve worked hard to accumulate your assets over a lifetime.  You want to make sure that it is you, not the courts, who decides how those assets are distributed after death.  A well-crafted estate planning strategy is the primary method for ensuring that your wishes are carried out postmortem in the most financially smart, tax-efficient manner possible.

Estate planning is not something that should be accomplished using cookie-cutter templates.  

Every person’s situation is unique.  At Rubin, Glickman, Steinberg & Gifford, P.C., our dedicated Souderton estate planning and administration lawyers put in the work needed to develop a custom-tailored plan to suit your needs. 

Laws that impact estate planning have a way of changing over time.  Our experienced estate planning and administration lawyers are committed to remaining abreast of all current developments in the field.  For over 65 years, we have provided award-winning legal services to our clients in Souderton and across Southeastern Pennsylvania.

If you would like to begin exploring your estate planning options, or have an existing plan that should be reviewed to determine whether new laws indicate that changes are advisable, we are here to help.  Call our office today to set up a consultation with a skilled Souderton estate planning and administration lawyer.

Our Souderton Estate Planning & Administration Services

Our expertise in estate planning and administration is broad and varied.  We work to help individuals, married couples and business owners develop succession plans to effectively carry out their wishes and protect future generations.  We can help your estate executor with the often-difficult task of seeing your estate through administration.

Our skilled estate planning and administration lawyers can assist with:

  • Drafting your Will,
  • Trust planning, including revocable trusts, spousal trusts, life insurance trusts and more,
  • Powers of attorney,
  • Advance healthcare directives,
  • Business succession planning,
  • Asset protection,
  • Special needs planning and guardianships,
  • Charitable remainder trusts,
  • Estate administration,
  • Probate.

Every person needs an estate plan that covers several core components, regardless of assets or whether you have dependents.  Those include:

  • Your Will, which includes instructions about asset division after death, who will be put in charge of carrying out your wishes, and can also specify who will gain custody of your minor children,
  • A trust, which can be revocable or irrevocable,
  • A financial power of attorney to provide authority to a trusted individual or fiduciary to handle your financial affairs should you become unable to do so, and
  • An advance healthcare directive to ensure that your wishes regarding medical care are known if you become unable to do so yourself. 

Aside from those core documents, there is no one-size-fits all approach to determining your estate planning and administration needs.  Our experienced Souderton estate planning and administration lawyers will sit down with you and discuss your individual circumstances and goals.  By getting to know you and your family, we will create a plan that is right for you.

Trusted Estate Planning & Administration Lawyers Work to Help Clients Accomplish Goals

The key to a successful estate plan is a thorough understanding of your goals.  At Rubin, Glickman, Steinberg & Gifford, P.C., our expert estate planning and administration lawyers are dedicated to understanding those goals so that we can create a plan that avoids conflict after your death.  Common estate planning goals, with which we can assist, include:

  • Minimizing income, estate and even generation-skipping transfer tax implications of your asset transfers,
  • Planning for the disposition of retirement accounts in a tax-efficient manner in light of the newly enacted SECURE Act,
  • Avoiding probate, when appropriate,
  • Ensuring that a surviving spouse has sufficient income and assets,
  • Planning to protect minor children,
  • Planning to protect disabled children, family members and beneficiaries,
  • Asset protection,
  • Protecting your assets from beneficiaries’ creditors,
  • Making charitable gifts in a tax-efficient manner, including through charitable remainder trusts and private foundations,
  • Administering your estate after your death so that your family members do not have to.

Speak with Our Reputable Souderton, PA Estate Planning and Administration Lawyers Today

Age is not a factor in determining whether you need an estate plan.  Everyone, no matter how young or old, can benefit from forming an estate plan and reviewing that plan at regular intervals.  To learn more about how our estate planning and administration lawyers can help, call us today or contact us online.

About Souderton, PA

Souderton is located in Montgomery County, Pennsylvania with a population of about 7,103 as of 2018.  Souderton is home to one of the only professional theaters in the county, the Montgomery Theater. The theater, along with an art festival that takes place every fall, draws people from neighboring counties to Souderton for various programs and performances.  In 2011, the Souderton Historic District was placed on the National Register of Historic Places

Frequently Asked Questions About Souderton, PA Estate Planning & Administration Issues

FAQ: What assets will have to go through the probate process in Souderton?

The probate process in Pennsylvania can create complications that are better to avoid. Generally, only assets that you own alone—only in your name—will go through probate. Excluded assets include:

-Retirement assets and accounts where you specify a beneficiary avoid probate,
-Assets (including your home) that you own jointly with a spouse or someone else,
-Relatively small amounts of money (up to $10,000) can be released from bank accounts to cover funeral costs,
-Assets held in your trust, even if that trust is revocable so that you retain control over the assets.

FAQ: Will my heirs have to pay taxes on my estate?

Pennsylvania’s inheritance tax applies if someone other than a surviving spouse or charity inherits your assets. The amount of the tax depends upon how your heirs are related to you (the more closely related, the lower the tax rate—the rate for children who inherit is 4.5%). The federal estate tax exemption is currently more than $11.5 million per person ($11.58 million in 2020). However, that high exemption rate is set to expire in a few years—and federal estate tax rules are constantly in flux. Our lawyers can help you develop a flexible estate plan to maximize the current exemption while accounting for future changes.