R. Nicholas Nanovic, a Member of the law firm Norris McLaughlin & Marcus, P.A., will participate in the Wills For Heroes Program hosted by the Bar Association of Lehigh County. The program, which is free for first responders and veterans, and their significant others, will provide wills and living wills, and information on healthcare and financial services. It will be held at The Barristers Club in Allentown on Saturday, November 4, from 9 am to 4 pm. Nanovic has been involved annually and will also volunteer for the same program in Pike County on Saturday, November 18.
After the September 11, 2001, terrorist attacks, Anthony Hayes, a South Carolina attorney, wanted to do something meaningful to help the country, so he founded the Wills for Heroes Foundation. He met with local firefighters and agreed on a need for estate planning services. Since then, Wills for Heroes programs in ten states have provided more than 7,000 free estate planning documents for first responders. Daniel McKenna, a Philadelphia-based attorney and board member of the Wills for Heroes Foundation, initiated the Wills for Heroes Program in Pennsylvania. The Pennsylvania Bar Association Young Lawyers Division adopted the Wills for Heroes Program as one of its statewide service projects in 2009, and in 2014 they opened the program to include veterans. For more information about this program, visit the Wills for Heroes Foundation web site, http://www.willsforheroes.org, or the Young Lawyers Division section of the Pennsylvania Bar Association web site, http://www.pabar.org/public/yld.
“So many people postpone putting together an estate plan and planning for retirement because they are under the impression that it is a long, expensive, and scary process. Volunteering my time to make sure the first responders, veterans, and their families have their estate plans in place is the best way I can thank them for all they do,” explained Nanovic.
A resident of Allentown, Nanovic focuses his practice on taxation, estate planning and administration, and business law. He practices primarily in Pennsylvania, although he is also licensed to practice in New Jersey and Florida. He has extensive experience in drafting estate planning documents including wills, powers of attorney, health care directives, revocable trusts, grantor retained annuity trusts (GRATs), intentionally defective grantor trusts (IDGTs), charitable lead trusts (CLATs and CLUTs), charitable remainder trusts (CRATs and CRUTs), qualified personal residence trusts (QPRTs), and irrevocable life insurance trusts (ILITs). Nanovic advises clients on asset protection planning through the proper titling of property and establishment of limited partnerships and limited liability companies (LLCs). He handles all aspects of estate administration including probate, obtaining an inventory of the assets, management of estate assets, distributions to beneficiaries, protection of executor when making decisions on handling estate debts and assets, preparation of estate fiduciary income tax returns, and preparation of the Pennsylvania inheritance tax return.
Nanovic’s tax practice is focused on personal income taxes, business taxes, and gift and estate taxes. He also helps individuals and businesses negotiate their tax liabilities with the IRS and Pennsylvania Department of Revenue. He assists in the formation of business entities including corporations, S corporations, LLCs, and partnerships; advises clients on how to properly structure the governing documents; and interprets pre-existing governing documents to help clients understand their rights and obligations for their roles in the business.
Nanovic has been recognized in Philadelphia Magazine as a Rising Star, a distinction for lawyers aged 40 and under or who have been practicing for fewer than 10 years, reserved for no more than 2.5% of all attorneys in Pennsylvania. He is a board member and President of the Estate Planning Council of the Lehigh Valley, and President of the Notre Dame Club of Lehigh Valley. While in law school, he interned for the Small Business/ Self-Employed division of the Internal Revenue Service in the Miami, Florida, office and was actively involved with the Volunteer Income Tax Assistance program, serving as one of the project’s leaders for two years. Nanovic earned his LL.M. in Taxation in 2008 and his J.D. in 2007 from the University of Miami School of Law. He earned his B.B.A. in Accounting from the University of Notre Dame in 2004.
Posted in: News, R. Nicholas Nanovic | Tags: Allentown Attorney, BALC, Estate Administration, estate planning, Lehigh Valley Lawyer, Living Wills, The Bar Association of Lehigh County, Wills