An estate plan is a specific plan for how to manage property during the client's life, and more particularly, how to distribute property upon death.

 

The goal of any estate plan is efficiency.  Efficiency means minimizing taxes, reducing costs, mitigating in-fighting, and protecting the client's legacy from creditors, predators, and divorce.

 

There is no "estate planning" law.  To be an effective estate planner requires knowledge of many different bodies of law, such as property, probate, trusts, incapacity, public benefits, divorce, business, and especially tax.

 

Estate planning attorneys use a broad range of tools such as Wills, Trusts, Powers of Attorney, asset titling, death beneficiary designations, entities (LPs, LLPs, LLCs, Corporations), promissory notes, installment sales, and insurance.

 

The Law Office of Richard R. Sprague designs plans for modest estates and high net worth estates, business owners, and clients with charitable intent.  We bring together courtroom experience and broad subject matter expertise to achieve the client's estate planning goals.​​