We will review your estate planning needs and goals with you. If you do not have a Will, we can draft your Last Will & Testament as the initial building block of your estate plan. We can work with your trusted financial advisors. We can help arrange introductions with professionals in the financial, accounting and insurance industries if you so desire. We have long-standing relationships with many professionals in Central Pennsylvania. We will take the time to get to know your unique situation and to help craft an estate plan which meets your needs.
Estate Planning Overview
What is included in an estate plan?
Most people equate estate planning with a Will. While a Will is an important part of an estate plan, a complete estate plan includes more than a simple Will. A complete estate plan may include:
- Last Will and Testament
- Power of Attorney
- Advanced Medical Directive
- Living Will
There are many types of testamentary trusts (which activate at your death and are a part of your Will) and intervivos trusts (created independent of your Will prior to your passing, which may or may not be a part of your taxable estate.) These documents, and all the tools within your estate plan, should work together with the rest of your financial plan to form a comprehensive whole.
If your estate is small or if it is federally taxable you need a simple Will or a complex estate plan, we can help identify and meet your specific needs. Whether your estate is small or federally taxable, we can work with you to find the best combination of estate planning documents and vehicles. We will listen to your concerns and desires and then craft a plan that suits your unique needs. Estate planning is clearly not a “one-size-fits-all” proposition.
Charitable bequests, irrevocable life insurance trusts, charitable remainder annuity or uni trusts, special needs trusts – estate planning is filled with words and monikers that most of us rarely use in our everyday life. We will help you decide what is best for you.
Further information and details on estate planning include: Wills, Power of Attorney, Living Will and Advanced Medical Directives, Trusts A Brief Overview, Is a Trust for Me?, Trusts Explained Further & Types of Trusts, Gifting, & Long-Term Care.
We will work with the personal representative to assist in administering the estate. We have experience in asset collection, the tax laws as they relate to estates, local practices with regard to assets and debts, and the final distribution to beneficiaries of the estate. We have worked with all of the local entities and can help you administer the estate of your loved one. Whether it is a small estate or a federally taxable estate, we can help.
Estate Administration Overview
If you have been named the executor of a Will, you have likely been overwhelmed by the various requirements, notices, and tax claims. Filling out state and federal schedules and meeting (or trying to meet) strict deadlines can be difficult. It’s not only helpful, it is essential to call on the assistance of a professional who understands and is well-versed in estate administration.
Our office has many years experience in handling estates, both great and small. Whether your estate is federally taxable and requires additional post mortem planning, or is a simple, one-asset estate, we will help.
Estate administration may include:
- The formal probate of a Will
- The granting of the appropriate letters of administration
- Proper advertisements of the estate
- Filing all the necessary state and federal tax forms
- Paying the final debts of the decedent
- Making a first and final accounting
- Final distribution to beneficiaries
- Generally tying up every loose end which may exist
- Finalizing and closing the estate
Mateya Law Firm is skilled at dealing with each and every step of estate administration.
Other topics to review relating to estate administration: Intestacy & Gathering Assets.
Further information and details on estate administration include: Probate, Payment of Decedent’s Debts, Inheritance Tax Returns, Formal & Informal Accounting and Distribution.
What happens when a person needs assistance, but there is no family member nearby who can help? What do you do when there is no one to turn to? Anyone who has worked with seniors knows that this is too often the case. There is a need to be filled. There is a growing population of Senior Orphans who likewise have no one to turn to when life is difficult.
A professional fiduciary can step into the gap and help to take the worry out of a senior’s life.
A fiduciary is a person who voluntarily steps in to care for the needs of others. A fiduciary can be a family member, a spouse, a sibling, or it can be an unrelated individual. A fiduciary who is paid to take on these tasks is a paid fiduciary. As an attorney, Mark Mateya and Mateya Law Firm can step in as a professional fiduciary.
Mateya Law Firm has worked for nearly two decades in the area of estates in Central Pennsylvania. We see the need for a competent, trustworthy professional fiduciary service to assist seniors and also to assist those who are the caretakers and agents for their family and loved ones. That is why we opened Mateya Fiduciary Services, a fully insured service, to assist your family and loved ones.
A professional fiduciary always works for the best interest of the principal. This can be as simple as helping to manage finances. Stepping in as a professional fiduciary can also be accepting an appointment as the agent on a Power of Attorney or a Health Care Power of Attorney document. From very simple to very involved. . .it depends upon the need and the client’s desire.
A professional fiduciary can also work in a private arrangement with any individual, including a person who is an agent on a power of attorney. A professional can assist in any manner necessary, from selling real property or vehicles to making changes to investment portfolios.
Typically, Mateya Fiduciary Services will take over paying the bills for a client as a basic, first level of assistance. We can assist in nearly any way necessary. Our charges will be hourly — not lawyer’s hourly rates — such that it makes sense for the client to have Mateya Fiduciary Services’ assistance.
Please contact us to learn more about how Mateya Fiduciary Services can help you.