Services

S.L. Parent P.C. offers a comprehensive range of estate planning services designed to help individuals and families make important decisions about their future, protect their assets, and ensure your wishes are honored. We specialize in various aspects of estate planning and are committed to providing personalized solutions tailored to your unique needs and goals.

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Revocable (Living) Trust

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One of the key services we offer is the establishment of revocable trusts. A revocable trust, also known as a living trust, allows you to maintain control over your assets while you're alive and designate beneficiaries who will receive those assets upon your passing. This type of trust provides flexibility as it can be modified or revoked during your lifetime, and it helps to avoid probate, ensuring a more efficient and private transfer of your assets.

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Irrevocable Trusts

 

Unlike revocable trusts, irrevocable trusts cannot be altered or revoked once established, which can offer certain tax advantages and asset protection benefits. We work closely with our clients to determine the most appropriate type of irrevocable trust for their specific circumstances, such as a charitable trust, special needs trust, or asset protection trust.

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Powers of Attorney

 

Powers of attorney are essential documents in estate planning, and we guide our clients through the process of establishing both financial powers of attorney and healthcare powers of attorney. A financial power of attorney authorizes a trusted individual, known as the agent or attorney-in-fact, to make financial decisions on your behalf if you become incapacitated. Similarly, a healthcare power of attorney designates someone to make medical decisions when you are unable to do so, ensuring your medical preferences and wishes are honored.

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Wills play a fundamental role in estate planning, and our firm assists clients in drafting comprehensive and legally binding wills. A will allows you to specify how you want your assets distributed after your passing, name guardians for minor children, and appoint an executor to manage the administration of your estate. We will work closely with you to ensure your will accurately reflects your intentions and addresses any unique considerations you may have.

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We also offer succession planning services. Whether you own a business or have significant assets, we assist you in developing a succession plan to facilitate the smooth transfer of your business and wealth to future generations or chosen beneficiaries. We create strategies that minimize tax liabilities, address management transitions, and preserve the legacy of your hard work.

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