Lillie N. Nkenchor, Esq., LL.M

Welcome! My name is Lillie N. Nkenchor, Esq., LL.M, I am an attorney and the owner of Lillie N. Nkenchor, PC. We provide estate planning services (Wills, Trusts, Power of Attorney, Health Care Proxies, Living Wills, etc), as well as business creation services (incorporation, NDA agreements, Buy-Sell, etc.)

About Me

Lillie N. Nkenchor, Esq., LL.M, President of Lillie N. Nkenchor, PC, educates individuals, families and business owners on estate and business planning concepts. As an attorney and engaging speaker, she helps clients address their vision and devise appropriate, tax-efficient strategies that meet personal and business goals. She is uniquely skilled in removing complexity so her clients can take control of their personal and business objectives.

In addition to planning for clients, Lillie is skilled at presenting to students, professional communities and social organizations so as to educate, inspire, and empower persons to create a plan that improves the financial quality of their lives. Her desire is to educate as many people as possible in order to remove the fear and uncertainty that often accompanies estate and business planning.

After her presentations, audiences should learn:

Presentations can be tailored to the needs of your audience.

As part of the planning process, Lillie will also discuss financial instruments such as mutual funds, annuities and life insurance, where appropriate and applicable. She is a member of the New York, New Jersey, DC, Maryland and Georgia Bars. Lillie is a member of the Metropolitan Black Bar Association (MBBA), National Bar Association (NBA), Financial Women’s Association (FWA) and National Association of Black Accountants (NABA).

Lillie received the NBA “Top 40 Under 40” Award in 2017. It is an award bestowed upon the top 40 attorneys in the nation who exemplify stellar professional achievement and leadership.

Jurisdictions

Lillie is licensed to practice law in New York, New Jersey, Washington, DC, Maryland and Georgia.

Summaries

During the 2022 holiday season, we created the “12 Days of Planning“ series. For 12 consecutive days, we shared digestible content to introduce you to the most common planning concepts. The information was connected to an estate planning promotion. Though the promotion is complete, the information remains valuable. Click to watch.

Introduction to 12 Days of Planning

Day 1: Power of Attorney

Day 1: Power of Attorney (Part II)

Day 2: Healthcare Proxy

Day 3: Will (Part I)

Day 3: Will (Part II)

Day 4: Guardianships

Day 5: Revocable Trust (Part I)

Day 5: Revocable Trust (Part II)

Day 6: Probate

Day 7: Checking & Savings Account

Day 8: Property Deeds

Day 9: Beneficiaries

Day 10: Business Succession

Day 11: Operating Agreements

Day 12: Court Appointed Guardians

FAQ 1

FAQ 2

Living Will

This document provides end-of-life instructions. Whereby the Healthcare Proxy allows one to make medical decisions for another who is temporarily incapacitated, the Living Will provides instructions for what to do when someone is deemed permanently incapacitated, or incapacitated without a reasonable chance of recovery.

Power of Attorney

Grants a person the authority to act on another’s behalf; specifically, sign contracts or forms, engage in business transactions, and have access to financial accounts.

Revocable Trust

A Trust is similar to a Will in that it is a legal document that provides a set of instructions with respect to who is to care for minor children, how assets (or money) and charitable gifts are to be distributed.

Will

In its simplest form, a Will is a legal document that provides a set of instructions with respect to who is to care for minor children, how assets (or money) and charitable gifts are to be distributed.

Health Care Proxy or Health Care Power of Attorney

Similar to a financial POA, in that it grants a person the authority to make decisions on your behalf, but the authority lies in medical/health decisions, not financial.

Basic Estate Planning Documents

We know you want to create an estate plan, and we know you want it to be easy…and easy on the pockets. We heard you and created “The Basics”. We are able to save you time and money by offering a streamlined process whereby you complete our form, we draft your document based on the form, we meet once (virtually) to finalize your document and you handle the signing and notary (if applicable) on your own. That’s it!

If you have minor children, out-of-state assets, rental property, a business, total assets worth more than $5.93M, or you want to leave your assets to anyone other than your spouse (if applicable) and descendants (if applicable.; descendants include children and grandchildren), then “The Basics” is not for you. But if your estate is simple, your partner/spouse and children inherit everything, and you are willing to do some work on your own, then this may be an option.

Basic Will

Legal document that allows you to control what happens to your assets and name who will manage your estate after you pass.

Power of Attorney (Durable)

Legal document that allows you to name who will make financial/legal decisions for you in the event you become incapacitated and can no longer make such decisions for yourself.

Health Care Proxy (HP)

Legal document that allows you to name who will make medical/health-related decisions for you in the event you become incapacitated and can no longer make such decisions for yourself.