Assuring your legacy
Schanker and Hocherg, P.C. is one of the tri-state area’s premier Estate Planning, Estate Administration and Elder Law firms with a singular focus on helping you make sensible, confident decisions.
By keeping current with all legal and tax issues as they evolve, we identify opportunities for you. We work closely with you and your trusted advisors while also ensuring that the plan we help you develop is the most appropriate for what you need.
Areas of Practice
Click one to learn more.
Having a will or trust in place before you need one, makes things easier and simpler for your family members following your passing. Estate planning also allows for you to distribute your personal and real property when and how you want. Preventing the government from deciding who will ultimately end up with your property.
BUSINESS SUCESSION PLANNING
Business Succession allows for business owners to plan who will replace the current owner or management when certain circumstances arise like retirement, death or leaving the company. Maintain relationships with family members, and essential non-family employees, while minimizing income and estate taxes.
ESTATE ADMINISTRATION AND PROBATE
Establishing a living trust that will assume possession of your estate, at the time of your passing will prevent your heirs from going through probate (proving the validity of the trust). Additionally, an owner and beneficiary of a life insurance policy can also be named in the trust, which will exclude the policy from estate taxes.
ELDER LAW & SPECIAL NEEDS PLANNING
When meeting with an attorney, senior citizens are provided with assistance in estate planning and arrangements for prolonged care. An attorney, who is experienced in Elder Law will be able to provide valuable information regarding Medicaid eligibility, or help senior citizens become financially eligible to apply for Medicaid coverage.