Wills, Trusts & Estates
Estate planning services. Plan for the future.
Too frequently, individuals do not take the time to adequately plan for their estate's future. Individuals delay estate planning because they believe they do not own enough, they are not old enough, they are too busy, think they have plenty of time, they are confused and do not know who can help them, or they just do not want to think it. They do not realize how important it is to engage in estate planning to ensure that their final requests are honored.
When a loved one unexpectedly passes away without leaving specific estate instructions, their family is left with complicated issues that can only be resolved through a time consuming and expensive legal process. Selecting an attorney who is experienced in handling estate planning is the only way to ensure that your final wishes will be carried out.
Protect you, your family, and your peace of mind by letting us help you develop your individual estate plan.
Will: A will ensures that your wishes regarding your assets, guardians for your children and other final requests are carried out upon your death.
Trust: Trusts are estate planning tools that help to manage a person's assets before and after death. A trust is used to transfer administration of property to another person or institution (the trustee). The trustee handles distribution of the assets for the designated beneficiary.
Probate: Probate assets are all assets that the decedent owned, in his or her name alone, when he or she died.
Estate Planning: Estate planning is developing a plan in advance and naming whom you want to receive your assets upon your death.
Good estate planning should also include:
- Instructions for passing your values (religion, education, hard work, etc.) in addition to your valuables.
- Instructions for your care if you become disabled before you die.
- Name a guardian and an inheritance manager for minor children.
- Provide for family members with special needs without disrupting government benefits.
- Provide for loved ones who might be irresponsible with money or who may need future protection from creditors or divorce.
- Include life, disability and long-term care insurance to protect you and your family.
- Assist in the transfer of your business at your retirement, disability, or death.
- Minimize taxes, court costs, and unnecessary legal fees.
- Be reviewed and updated as your family and financial situations (and laws) change over your lifetime.
Most People have an Estate. Estate planning is not just for retired or wealthy people, it is for everyone. Your estate is comprised of everything you own— your house, boat, car, vacation home, investments, stocks, checking and savings accounts, life insurance, furniture, and other personal possessions. No matter how large or how modest, everyone has an estate worth protecting. To ensure your wishes are carried out, you need to provide instructions stating whom you want to receive something of yours, what you want them to receive, and when they are to receive it. You will, of course, want this to happen with the least amount paid in taxes, legal fees, and court costs.
The best benefit is peace of mind. Estate planning is one of the most thoughtful and considerate acts you can do for yourself and for those you love. Knowing you have a well thought out plan in place - one that contains your instructions and can protect your family - will give you and your family peace of mind.