Law Office of Mark A. Schaum, P.A
When someone passes away, his or her property must somehow pass to another person. In the United States, any competent adult has the right to choose the manner in which his or her assets are distributed after his or her passing. (The main exception to this general rule involves what is called a spousal right of election which disallows the complete disinheritance of a spouse in most states. ) A proper estate plan also involves strategies to minimize potential estate taxes and settlement costs as well as to coordinate what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event of death or disability.
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- Estate Planning
- Planning For High Net Worth
- Tax Planning
- Estate & Trust Administration
- Business Formation & Planning
- Charitable Planning
- Asset Protection
- Pet Trusts
Sentiment Analysis
Glad we found him for our planning needs.
Mark quickly responded and understood my situation and helped alleviate the pressure of " What do I do now" and got the ball rolling on the legal front.
He was patient and discussed various options on how to best distribute her assets.
Mark was calm and caring in our discussions and definitely seemed to have my best interest at heart.
With more than a dozen beneficiary’s, an already complex estate consisting of closely held businesses with multiple partnerships, trusts, QSST, ventures, real property and a unique distribution trust.
Then Mark suggested leaving the balance to the local Jewish Community Foundation in an endowment fund paying 5% annually in perpetuity and letting the Foundation decide where the funds could best be used each year, both here and abroad.
Right off the bat, we were impressed with his deep knowledge of estate planning and the various tax benefits/ramifications.
Professional, courteous and responsive to all phone call and emails.
Mark and his team did an outstanding job keeping me well informed, being readily available and receptive to my calls and emails, of which there were plenty
My family is appreciative and beholden for Mark's efforts and achievement with the updating and managing of the estate preceding his passing.
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