Wills and Trusts

Wills and Trusts Estate Planning James Clark Law Lancaster PA Wills and Trusts

Though many people find it difficult to discuss death and end of life issues, proper estate planning now can help avoid painful decisions and situations in the future. Statistics show that as many as half of all Americans do not have an estate plan in place.  However, if you die intestate (without a will), the cost to probate your estate will be expensive and will result in stress and strain on your loved ones, regardless of how much or little you leave behind.  If you have family members with special needs for whom you wish to provide in your absence, you can create a trust in your will that will ensure their needs are met while remaining safe from creditors and other claims.

If you become incapacitated, who will make financial and health care decisions on your behalf?  If you don’t have a Power of Attorney in place, you will not have a choice in who manages your affairs.  It is important to appoint someone you trust to make decisions that are in your best interest in case you cannot make decisions for yourself.  A Durable Power of Attorney will appoint someone to manage your personal and financial affairs.  A Healthcare Power of Attorney will appoint someone to manage your health care decisions and instruct them on your wishes for end of life care.  

Our estate planning services include:

  • Wills
  • Powers of Attorney (financial and healthcare)
  • Revocable Living Trusts 
  • Life Insurance Trusts 
  • Charitable Remainder Trusts 
  • Special Needs Trusts 
  • Qualified Personal Residence Trusts 
  • Grantor Retained Annuity Trusts 
  • Family Limited Partnerships 
  • Long Term Care/Medical Assistance Planning
  • Special Use Valuation for Farms and Business Property 
  • Generation-Skipping Transfer Tax Planning 
  • Business Succession Planning 
  • Federal Estate Tax and Pennsylvania Inheritance Tax Planning for Farmers and Family Business Owners