Areas of Practice
Estate, Tax and Asset Preservation Planning
R. Clancy Parks, Attorney at Law assists clients in preparing Trusts, Last Wills and Testaments, Living Wills, and Powers of Attorney for health care and financial matters. For maximum estate tax reduction, we use a variety of planning techniques, including bypass trusts, charitable trusts, irrevocable life insurance trusts, grantor retained trusts, qualified personal residence trusts and the family foundation. Asset preservation planning is implemented for our clients by using limited partnerships, limited liability companies and other devices.
This area of the law is premised upon the foundation that clients should be in control of their property and financial affairs, NOT the government or lawyers. We educate our clients so that they can be motivated to make informed choices that benefit themselves and their loved ones.
Elder Law
R. Clancy Parks, Attorney at Law offers consultation and planning concerning issues confronting the aging person. Facing the challenges of potential health care and nursing home costs are issues that can be mitigated with proper planning. Maintaining the client’s property in light of their potential costs is often the primary client goal.
Planning for Families with Disabled Children
R. Clancy Parks, Attorney at Law is often called upon to assist clients with disabled children through the use of special needs trusts or supplemental needs trusts, guardianships and other planning tools to protect the disabled person and keep his/her governmental assistance in force. Enabling families to leave assets to their special needs child while preserving the child’s access to governmental support is a key goal that can be accomplished.
Probate and Estate Administration
R. Clancy Parks Attorney at Law offers a comprehensive array of services, from pre-administrative consultation to final accounting and closing of the estate. Our hope is to avoid a probate administration through proper planning, but if necessary we can assist the Personal Representative in settling the probate estate. For the estate that avoids probate, but still needs to be administered, we provide representation to assist the fiduciary in this important task.
Real Estate
Both buyers and sellers have come to R. Clancy Parks Attorney at Law for their commercial and residential real estate transactions. Our prices are competitive and our service is uncommonly sensitive to the needs of our clients. Additionally, we provide counsel in the area of 1031 Exchanges. For more information on 1031 Exchanges go to www.midwest1031x.com.
Small Business Formation and Administration
Today's businesses are often confronted with issues such as appropriate choice of entity, employment matters, state and federal filings, and real estate considerations. R. Clancy Parks, Attorney at Law assists businesses in a variety of ways; from implementing the founder's vision of the business to the orderly succession of ownership.