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Partner and Chair of Trusts and Estates Group,
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Estate attorney Tracy Craig is a partner and chair of Mirick O'Connell's Trusts and Estates Group. She works with individuals in all areas of estate and gift tax planning, ranging from testamentary estate planning, including business succession planning, to sophisticated lifetime leveraged gifting techniques. She also specializes in estate administration, prenuptial agreements, guardianships and conservatorships, and all aspects of charitable planning, including the formation and operation of tax-exempt organizations, ranging from private foundations to public charities. She serves in various fiduciary capacities, including trustee, conservator and personal representative. She also works with clients on issues facing elders.
Craig is a Fellow of the American College of Trust and Estate Counsel and an AEPÂ®. She has received an AVÂ® Preeminent Peer Review Rating by Martindale-Hubbell, the highest rating available for legal ability and professional ethics.
You may be surprised at how easy it is to make an expensive mistake with your beneficiary designations.
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If youâ€™re thinking about it because you want to make sure it stays in the family or you have some concerns about Medicaid in the future, be careful. There can be serious consequences if not executed just right.
Thanks to the new tax law, that's what some people may think. But estate planning is about a lot more than just taxes.