The Value of Estate Planning and Working with an Experienced Attorney

Estate Planning

The firm’s estate planning is headed by Mary Ann Kenny Pidgeon and includes Last Wills and Testaments, Testamentary Trusts for minor children and a marital trust to address potential tax issues, Living Wills, and Powers of Attorney. Mrs. Pidgeon earned her LL.M. in Taxation from the Villanova University School of Law and has decades of experience in estate planning and estate administration.

Mrs. Pidgeon will work with you to provide for your family upon your death and also to minimize your exposure to Federal and State taxes. Federal and State estate taxes and inheritance taxes are reviewed at the outset of estate planning. As part of your estate plan, you should also have a Living Will which enables you to decide what treatment you should receive if you are terminally ill and to designate an agent to make those decisions for you if you are unable to do so, and a Durable Power of Attorney designating your spouse or some other person to handle your affairs if you are incapacitated.

In your Will, you will need to name an Executor and possibly a Trustee and Guardian. The Executor’s responsibilities include making sure that the property is transferred to the proper beneficiaries and that all of the bills of the estate are paid. Married couples usually, but do not always, name each other. An alternate Executor is needed in case your primary Executor predeceases you. The second job is that of Trustee who is the fiduciary in charge of any trusts that you create as part of your estate plan. If you and your spouse create trusts for your minor children and both of you die when your children are minors, the Trustee manages the money for the minor children until they reach their majority at which time the trust is disbursed. The third job is that of Guardian, who is needed only if both parents die leaving minor children. The Guardian raises the children on your behalf and is responsible for their physical and spiritual well-being. The same person may serve as your Executor, Trustee and Guardian or you may name different people to serve in each of these roles. We will make preparing your estate planning documents as painless as possible. We will do our best to prepare you and your family by providing a binder with places to answer all the questions which your family may have at that time. Being prepared is a gift to your family.

Pidgeon & Pidgeon also prepares estate planning documents for Pennsylvania residents.