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Attorney Michael R. Banks - Lawyer in Lexington, MA

Estate Planning:
Secure Your Future

Estate planning allows people to provide direction regarding the management and transfer of their assets before and after their death. Such planning also allows for transfer of their assets with the minimum federal and state gift and estate tax implications. In addition, good estate planning allows you to retain control over health care decisions if you become incapacitated. Estate planning can include wills and trusts, as well as powers of attorney, living wills and health care directives.


Both state and federal laws impact estate planning. Many clients find that more elaborate and or creative legal means are necessary to achieve their goals. Some of these more complex techniques include irrevocable life insurance trusts (ILITs), qualified personal residence trusts (QPRTs) and intentionally-defective grantor trusts (IDGTs).

Estate tax and other estate-related issues are hot legislative items, with new laws being passed on a regular basis. For this reason, competent and experienced estate planning attorneys are essential allies in ensuring that your unique estate planning goals are understood and carried out.

Services include drafting, reviewing and revising:

  • Wills

  • Living wills

  • Powers of attorney

  • Healthcare directives

  • Qualified personal residence trusts (QPRTs)

  • Irrevocable life insurance trusts (ILITs)

  • Revocable trusts

  • Charitable trusts

  • Intentionally-defective grantor trusts (IDGTs)

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