HERDEG, DU PONT & DALLE PAZZE
Over 90 years of combined experience
A quality estate plan can be as simple as a will and revocable trust that ensure (1) your assets go where you want them to go, (2) the proper fiduciaries and agents are appointed to implement your plan, and (3) procedures are in place to minimize or avoid probate.
On the other hand, a quality estate plan can meet the complexities of your specific situation and wealth by providing for heirs with special needs, by structuring the distribution of your assets to suit each of your unique children, and by minimizing or eliminating estate, probate, and inheritance taxes.
An estate plan also gives you peace of mind and provides your beneficiaries with the clarity and certainty they need to avoid disputes. Furthermore, by structuring and planning your estate, you can minimize taxes and ensure that your assets are properly distributed.
We listen to you to determine the best estate plan for you and your loved ones. From simple and practical estate plans to complex and sophisticated ones, we customize our approach to address your needs and achieve your goals.
We offer comprehensive estate planning services including, but not limited to:
- Trust Agreements
- Powers of Attorney
- Advance Healthcare Directives
- Estate and generation skipping tax reduction planning
DECEDENT’S ESTATE ADMINISTRATION
Estate administration is the legal process of settling a decedent’s financial obligations and transferring property to beneficiaries. We will help you through this difficult time by explaining the process, guiding you in your role as executor or administrator, and handling as much as you request. From preparing and filing required documents with the Register of Wills and Court to completing all necessary tax filings, we will work with you every step of the way to ensure that your loved one’s estate is administered properly and that you achieve a favorable and expeditious result.
When forming a new business, the first step is to determine which type of business entity best suits your needs. Whether its an LLC, LLP, statutory trust, or corporation, selecting the right business entity is crucial to your financial and operational success and to the longevity of your business enterprise. Delaware in particular offers tax benefits, privacy, asset protection, and its unique Court of Chancery.
Our experienced attorneys will work with you every step of the way, including but not limited to selecting the most appropriate entity type, filing the formation documents, and preparing LLC, partnership, trust, and shareholders agreements. We have decades of experience in business formation and we look forward to transforming your business idea into a reality.
Tax planning is crucial to estate planning and estate administration. Our attorneys have extensive experience in counseling on tax matters and in preparing the appropriate tax forms. Each of our attorneys has specialized degrees in taxation. Our attorneys and staff will work with you to develop an individualized tax strategy and approach that best fits your needs.
TRUST AND ESTATE LITIGATION
Delaware’s specialized Chancery Court handles most trust, estate, and business litigations. If a matter becomes a dispute, our attorneys have extensive Chancery Court experience. We will do our best to ensure that your matter is resolved as quickly and amicably as possible.
Many Americans retire with a variety of accounts to manage, from 401(k)s, IRAs, Mutual Funds, and Trust Funds, to Social Security payments. When faced with an increasingly complex tax code, many retirees and people planning to retire do not fully utilize the options available to them. Effective retirement planning can provide stability and tax-savings for you and your loved ones.
Recent changes to the tax code, namely, the Tax Cuts and Jobs Act (2017) and the SECURE Act (2019), have made drastic changes to retirement account distributions. With these adjustments to tax laws, it is more important than ever to ensure that you and your loved ones are properly protected.
Our experienced attorneys will review and analyze your retirement accounts to develop the most effective and tax-efficient retirement plan possible. We will work with you to create an individualized approach to your unique needs through our comprehensive retirement planning services.
Adult guardianship matters frequently arise in the estate planning process. In the unfortunate circumstance that a grandparent, parent, or other adult becomes disabled and requires a guardian of his or her person or property, petitioning the Court of Chancery for a guardianship may be the only way to care for the disabled person. Our attorneys have years of experience handling routine, complex, and contested guardianships.