Practice areas
Estate Planning is the process of planning one’s estate to address the situation of a possible death or disability. A variety of documents come in to play that are used strategically to address the particular needs of an individual client. Particular devices such as Revocable Inter Vivos Trust also known as Living Trusts are utilized as they have current tax advantages and probate expense, and privacy advantages.
8 years
Wills are an important component of such planning to address the issues of picking a guardian or picking an executor of the estate and defining how assets would be inherited.
8 years
One of the tools for the estate planner is the use of an Inter Vivos (lifetime) Life Insurance Trust. Typically such a Trust would be used in the situation where a couple would have a taxable estate and life insurance is going to be provided for to pay estate taxes. By setting a life insurance policy to be owned by a life insurance trust, properly done, these proceeds will be excluded from both income taxes and federal estate taxes.
8 years
Most tax assessments begin at the Tax Audit phase. An Audit occurs generally as a result of a computer program by the IRS targeting the taxpayer’s return as having some financial information that fits the criteria as established by the computer as being subject to a high risk of noncompliance by taxpayers.
8 years
Languages spoken
English
State | Status | Acquired | Updated |
---|---|---|---|
DC | Inactive | 1979 | 10/14/2017 |
LA | Eligible to practice law | 1977 | 12/11/2020 |
Legal answers | 0 |
Legal guides | 0 |
Award name | Grantor | Date granted |
---|---|---|
Super Lawyer | Super Lawyers | 2014 |
Taxation specializtion | Louisville Bar Association | N/A |
BV Rated | Martindale-Hubbell | N/A |
School name | Degree | Graduated |
---|---|---|
Georgetown University | LL.M - Master of Laws | 1979 |
University of Southwestern Louisiana | N/A | 1977 |
Louisiana State University, Paul M. Hebert Law Center | JD - Juris Doctor | 1977 |
Posted by Lori
Mon Dec 15 2014
Patrick Cotter, Tax Attorney on Jun 19, 2014
Relationship: Worked for lawyer
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