Princeton Estate Planning and Estate Administration Law Firm
Helping your family plan
With 60 years of combined experience, the attorneys at Dumont & Watson, P.C. possess in-depth knowledge about all aspects of estate planning and can help you with:
- Creating an estate plan
- Drafting simple and complex wills
- Establishing credit shelter trusts
- Drafting disclaimer trusts
- Irrevocable Life Insurance Trusts
- Qualified Personal Residence Trusts
- Guardianship and conservatorship
- Durable Powers of attorney, health care proxies and advance health care directives
Creating the best estate plan
Our attorneys review your family arrangements, financial situation and philosophical goals to advise you on the best approach to planning your estate. We thoroughly analyze your objectives and strategize the best means of:
- Transferring your assets
- Minimizing taxes
- Establishing guardianship for your minor children
- Supporting personal philanthropic causes
- Protecting your loved ones
Writing your Last Will and Testament
A Will provides you with the opportunity to distribute your property, establish care for your loved ones and otherwise express your wishes upon your death. A Will is especially necessary if you intend to leave property to somebody besides a blood relative, such as a domestic partner, friend or charity. If you die without a Will, state statutes determine how your property is distributed and a court may determine who cares for your minor children and even what happens to your beloved pet – decisions that might not reflect your desires. Our attorneys can draft an estate plan that ensures your intentions are honored.
Establishing a trust
Our attorneys evaluate whether specific legal tools can benefit your estate and discuss your many options, including living trusts, irrevocable life insurance trusts, credit shelter trusts, special needs trusts, disclaimer trusts and qualified personal residence trusts all of which may benefit your family or save taxes.
If you have been named as an Executor or Trustee, you may have many questions as to the administration of the Estate. We can assist in this important task by managing the estate, providing postmortem planning to reduce estate taxes and preparing the Estate and Inheritance tax returns. In addition, the firm is experienced in Probate Litigation – – both in representing the Executor and beneficiaries.
Preparing inheritance tax returns
When someone dies, the County requires the filing of an Inheritance Tax Return, and in many cases also requires the payment of tax depending on the relationship of the decedent and the beneficiaries. Payment must be made within nine months of the date of death. With proper planning, the firm can in certain cases, arrange for a discount of the tax and manage to reduce the payment based upon a number of factor. Our firm maintains a detailed inventory of assets and obligation so that crucial payments are not missed. When Federal Estate Taxes are a concern our lawyers will prepare the returns on your behalf.
Drafting your living trust
We can draft a Revocable Living Trust which serves as a substitute for a Will that avoids the hassles, expenses, complications and delays associated with probate – – either in Pennsylvania or in any jurisdiction you move to or have property.
Choosing a guardian for your child
When devising your estate plan, the care of your children is likely your foremost concern. We advise you on making crucial decisions about the financial support, protection and well-being of your children — including naming a guardian who will raise your children according to your parental philosophies.
Contact a New Jersey trusts and estates lawyer to protect your assets
Dumont & Watson, P.C. is located in Princeton, NJ and represents clients throughout New Jersey, including Princeton, Hamilton, Trenton, Pennington, East Windsor, West Windsor, Plainsboro, Lawrenceville, Hopewell, North Brunswick, Edison, New Brunswick, East Brunswick, Montgomery, Skillman and Hillsborough, and Mercer, Somerset, Hunterdon, Middlesex and Burlington counties. We also represent clients in Philadelphia and Eastern Pennsylvania, including Washington Crossing, Yardley, Lower Makefield, Upper Makefield, Bensalem, Solebury, New Hope as well as other locations in Bucks County.
Call Dumont & Watson, P.C. at 609-688-8400 or contact the firm online to schedule your consultation.