Estate Planning

Effective estate planning requires a concrete understanding of current legal and political developments and experience dealing with the myriad considerations and concerns (both practical and financial) facing individuals as they plan for the disposition of their estate.  At the Law Office of Stoddard L. Smith, P.A., we provide resources, clear explanations and expertise in order to eliminate uncertainties and realize positive outcomes for our clients.

There are many complexities that we encounter later in life that merit careful consideration, including federal and state tax laws, Maine Care eligibility issues, incapacity planning, and succession planning.  The confluence of state and federal laws and regulations require a carefully crafted and thorough plan.  We work closely with our clients, their families, and other professionals to address your estate planning needs. Our representation may include planning for estate and income tax savings; elder care and MaineCare planning; preparation of wills and trusts; special needs trusts; Powers of Attorney; Advance Health-Care Directives; and charitable planning.  We often work with families in crafting and implementing business succession plans and techniques for the preservation and succession of family real estate, including utilization of LLCs and family real estate trusts.

Legal document regarding estate planning