Estate Planning

Estate planning is the most effective way to control your legacy and preserve your assets and values according to your wishes.  We help you design, implement and understand your estate plan.

We are pleased to provide comprehensive gift and estate planning services to individuals and families of all ages in all financial brackets.  We have deep experience working with clients whose wealth is anchored in inherited trusts, closely held businesses, real estate or investment portfolios.  We also enjoy working with our region’s numerous professionals who typically are accumulating wealth, and may have valuable primary residences, life insurance and well-funded retirement savings, but often are uncertain of what type of estate planning they need. 

Maximizing tax savings is a primary goal for many of our clients.  We also regularly plan for incapacity and minor children.   

Our estate planning services range from simple to complex.  In all cases, we seek to preserve and protect each client's assets in a tax-sensitive manner, respecting the client’s unique needs and objectives. 

Why Cochran Allan?

  • We are responsive, caring and diligent about serving our clients’ needs.
  • We pride ourselves on our sensitivity and responsiveness in meeting the personal needs and objectives of our clients by providing comprehensive, tax efficient and understandable estate plans.
  • We help clients establish wills, revocable and irrevocable trusts, beneficiary designation forms, charitable trusts and foundations, powers of attorney and health care directives, and family partnerships and limited liability companies to meet their needs. In addition, we assist with estate and trust administration and probate.
  • We are experienced in all aspects of estate planning, including:
    • Revocable (living) trusts
    • Wills
    • Powers of attorney for financial and health care matters
    • Living wills or advance medical directives
    • Beneficiary designations
    • Life insurance trusts
    • Planning for minors through trusts and education savings plans
    • Marital deduction and credit shelter trusts
    • “Defective” grantor trusts
    • Generation-skipping transfer tax protected dynasty trusts
    • Grantor retained annuity trusts
    • Qualified personal residence trusts
    • Charitable lead and remainder trusts
    • Asset protection
    • Planning for complex or non-traditional family structures
    • Succession planning for real estate interests, closely held businesses and other corporate holdings
    • Family limited partnerships and limited liability companies
    • Trust funding through sales and loans
    • Formation of private family foundations

Why You?

It is extremely important to make certain that plans are in place to guarantee your assets are distributed in the manner you wish upon your death. There are numerous reasons to undergo a preliminary estate planning consultation:

You may want to create a trust to save taxes, protect assets for your children, avoid probate or plan for a family member who has special needs.

You may want to protect yourself and your family and ease your family’s burden in the event that you are disabled and require assistance with health care and financial decisions.

You may want to help ensure your and your children’s assets are protected from creditors, including in the event of a divorce, to the greatest extent possible.

Significant tax savings can result from a properly executed estate plan.

The future of your assets, and perhaps your family’s well-being, lies in the careful planning of your estate. Specific estate planning needs, goals and objectives, regardless of age or familial status, should be addressed by everyone.

Why Now?

Unless you provide otherwise in your estate plan:

  • Upon your death, state law will dictate the distribution of your money, property and other assets, as well as who will handle your personal matters if you are disabled and who will administer and control your assets.
  • Minor children will receive money when they reach 18 or 21, and may have a court-appointed conservator handle their money until that time.
  • If a guardian is required, the court will select one without the benefit of knowing your preferences, intentions and personal relationships.
  • If you are disabled and need assistance, your family may be forced to hire a lawyer and ask the court to appoint a conservator or guardian to take care of your health care decisions or financial affairs on your behalf.
  • Many of your last wishes may go unfulfilled and your family may lose control over your estate and pay significantly more in taxes.
  • Federal and state estate tax laws have changed significantly over the past few years and your documents may need to be updated to maximize your exemptions.

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8000 Towers Crescent Drive, Tower Club Building, Suite 160, Tysons Corner, VA 22182
| Phone: 703-847-4480

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