Estate Planning

Estate Planning is the establishment of a specific plan for preserving and pro-actively managing your business, your wealth and your healthcare directives today and your wealth distribution after your death. No one plan is the same, and at Seck & Associates LLC, we will pay particular attention to your needs to provide you the personalized plan that is right for you and your family.

Healthcare and Financial Powers of Attorney

Powers of attorney allow you to designate a trusted person or organization to handle your financial, legal or health care matters if you are unable to fully manage them for yourself. Generally, these are created by adults to assist with the management of their estates. However, they are also important for children turning 18 years of age to designate a trusted person (generally a parent) to make any medical or financial decisions on their behalf in the event they incapable to managing it for themselves.

Will Based Estate Plans

A Last Will and Testament, commonly referred to simply as a “Will,” is a legal document in which a person explains their wishes as to how their possessions are to be distributed after death. A Will stands alone and can be the primary estate plan document. A Will does not avoid probate, but rather is the instructions for how probate will be handled.

Trust Based Estate Plans

The process of distributing possessions after that person’s death outside of probate can be done through a Trust. A Trust allows possessions to generally avoid probate, but the instructions can also make provisions in case of anyone’s death, incapacity, or other problems (e.g. divorce or creditors for example).

Special Needs and Elder Care Estate Plans

Families with children with special needs as well as the elderly can face significant challenges. As a result, it is important to have the right legal instruments in place to ensure they are taken care of and that their assets are protected. We can assist your family in assessing those situations and creating the right Estate Plan for your situation.

Succession Planning

We also know that we have many business owners who are in a similar need of Succession Planning for their business. Succession Planning is a business strategy companies can use to pass leadership roles down to another employee or group of employees. Succession planning ensures that businesses continue to run smoothly and without interruption, after important people move on to new opportunities, retire, or pass away. Similar to estate planning, we will work with you to provide you personalized transition plan for your business when it is time for you to make that change.