Estate Planning & Administration

Est Plan

The Estate Planning & Administration Group of Knox McLaughlin Gornall & Sennett, P.C. has the diverse knowledge necessary to create anything from a basic will to the most sophisticated business succession plan. When the time comes to administer a plan, our attorneys work with an experienced support staff to produce the best possible results.

Our primary estate planning goal is to develop strategies that maximize asset protection and wealth preservation for clients and their heirs. We listen carefully, understand thoroughly and then strive to create estate plans that fulfill our clients' personal desires, family needs, business interests and philanthropic goals at the lowest possible tax cost.

We consult with certified public accountants, corporate fiduciaries, insurance consultants and investment advisers to assure comprehensive solutions to each client's unique needs in areas such as:

Basic Estate Planning

  • Simple wills
  • Wills establishing trusts for minor children
  • Durable powers of attorney
  • Healthcare powers of attorney and living wills
  • Standby guardianships

Complex Estate Planning

  • Wills and testamentary trusts
  • Revocable and irrevocable trusts, including GRATs and GRUTs
  • Charitable remainder trusts and annuities
  • Special needs trusts for beneficiaries unable to care for themselves
  • Asset protection plans
  • Federal estate tax and generation-skipping transfer tax plans which utilize:
    • Family gifting programs
    • Corporations, limited partnerships, limited liability companies and other business entities
    • Qualified plans, individual retirement accounts and other tax-deferred assets

Disability Planning

Maximizing the level of benefits clients receive from the federal and state government while preserving their assets through use of:

  • Nursing home/medical assistance asset protection plans
  • Special needs trusts

Business Succession Planning

Enabling the transfer of a family business to the next generation at the lowest possible tax cost through the use of:

  • Wills, testamentary trusts, and revocable, irrevocable and grantor trusts
  • Corporations, limited partnerships, limited liability companies and other business entities
  • Buy/sell shareholder agreements, installment sales
  • Complex gifting plans, including voting and non-voting stock
  • Charitable gifting
  • Irrevocable life insurance trusts

Contact: Thomas C. Hoffman, II
(814) 459-2800 • Send an email