Petmecky Law Group, LLC provides companies, entrepreneurs, and high net worth individuals with sophisticated business and legal advice, including estate planning and administration, asset protection planning, succession planning, charitable planning and business planning and formation. Rob Petmecky has over 20 years of experience in estate and business succession planning.
What sets Rob apart from other attorneys in this practice area is his LL.M (Master of Laws) designation which provides more extensive asset-protection expertise. The LL.M distinction is highly coveted and respected among legal professionals. Rob has many years of assisting people with complex planning, having served as an attorney with a public charity and a private foundation and as a trust officer with a major bank in addition to his years in private practice.
What sets Rob apart from other attorneys in this practice area is his LL.M (Master of Laws) designation which provides more extensive asset-protection expertise. The LL.M distinction is highly coveted and respected among legal professionals. Rob has many years of assisting people with complex planning, having served as an attorney with a public charity and a private foundation and as a trust officer with a major bank in addition to his years in private practice.
Services
Your estate plan is a snapshot of you, your family, your assets and the tax laws in effect at the time it was created.
All of these change over time, and so should your plan.
It is unreasonable to expect the simple will written when you were a newlywed to be effective now that you have a growing family, or now that you are divorced from your spouse, or now that you are retired and have an ever increasing swarm of grandchildren!
Over the course of your lifetime, your estate plan will need check-ups, maintenance, tweaking, maybe even replacing.
All of these change over time, and so should your plan.
It is unreasonable to expect the simple will written when you were a newlywed to be effective now that you have a growing family, or now that you are divorced from your spouse, or now that you are retired and have an ever increasing swarm of grandchildren!
Over the course of your lifetime, your estate plan will need check-ups, maintenance, tweaking, maybe even replacing.
Most states prohibit so-called self-settled asset protection trusts, or a trust you establish yourself for your benefit, yet which purports to protect the trust assets from creditors.
However, there is a trend among the states to allow these types of trusts, and several states have recently changed their laws to permit them including Alaska, Delaware, Nevada, Rhode Island, South Dakota, and Utah and a few others.
With a domestic self-settled asset protection trust, you irrevocably transfer assets to the trust and name yourself as a beneficiary to receive distributions within the discretion of an independent trustee.
However, there is a trend among the states to allow these types of trusts, and several states have recently changed their laws to permit them including Alaska, Delaware, Nevada, Rhode Island, South Dakota, and Utah and a few others.
With a domestic self-settled asset protection trust, you irrevocably transfer assets to the trust and name yourself as a beneficiary to receive distributions within the discretion of an independent trustee.
We provide assistance to executors and trustees with the sometimes overwhelming responsibility of settling an estate.
Probate is a court-supervised process for distributing the individually owned assets of a deceased person.
Assets are distributed to beneficiaries in accordance to the instructions written in the person's will.
If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action.
The process begins with an event that triggers a provision in your estate plan, such as incapacity or death.
Probate is a court-supervised process for distributing the individually owned assets of a deceased person.
Assets are distributed to beneficiaries in accordance to the instructions written in the person's will.
If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action.
The process begins with an event that triggers a provision in your estate plan, such as incapacity or death.
Have you been looking forward to the day you can retire, perhaps turn your business over to a son or daughter, or sell it?
Even if you are not planning to stop working, you need to plan for the day you cannot run your business due to unforeseen illness or death.
Most business owners do not take the time to plan for how they will leave their business.
They are busy running the company, or they don't know where to start.
But if you continue to own a business until you die, it will be included in your estate and could be subject to substantial estate taxes.
Even if you are not planning to stop working, you need to plan for the day you cannot run your business due to unforeseen illness or death.
Most business owners do not take the time to plan for how they will leave their business.
They are busy running the company, or they don't know where to start.
But if you continue to own a business until you die, it will be included in your estate and could be subject to substantial estate taxes.
Rob is an estate planning attorney with over 20 years of tax and estate planning experience.
Rob has assisted hundreds of business owners and families to build and execute comprehensive plans to help transfer wealth and ownership, while maintaining a focus on individual goals, dreams and desires, and fostering family harmony.
Rob's planning practice involves the creation of wills, healthcare directives, entity formation, and trusts, including revocable living trust plans and more complicated trust plans.
Rob has assisted hundreds of business owners and families to build and execute comprehensive plans to help transfer wealth and ownership, while maintaining a focus on individual goals, dreams and desires, and fostering family harmony.
Rob's planning practice involves the creation of wills, healthcare directives, entity formation, and trusts, including revocable living trust plans and more complicated trust plans.
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