Planning Well into the Future Although many people are reluctant to think about their death and its aftermath, they often find great reassurance and peace wills trusts and estates attorney mind when they obtain the help of a wills and estates attorney. Estate Planning Benefits — Not Just for the Wealthy Anyone with any level of assets will benefit from estate planning. The benefits of estate planning are many.
These goals and many more are clearly attainable with the assistance of a wills and estates law firm. Full-service firm that specializes in Personal Injury, Workmen’s Compensation, Family Law, Wills and Estate Planning, Criminal Law, etc. Associates LLC, we’re dedicated to ensuring you and your loved ones can rest easy knowing that we’re here to help with any of your legal needs. We’ve represented numerous clients, corporate and personal, in many cases and we have the experience that you’re looking for. We’re simply here to help you. The information on this site is not legal advice.
You should consult with an attorney for advice. Contacting us does not create an attorney-client relationship. Estate Planning While it may be the last thing you want to think about, estate planning is an important step you can take to protect the interests of your family. A well prepared estate plan will help you ensure your wishes are carried out and your loved ones are taken care of once you’re gone. If you pass away without a plan in place, your family members may be left to sort out the mess in court.
A will can help make the transition after a loss as painless as possible for your loved ones. Your property will be transferred quickly and many tax burdens can be avoided. Wills typically describe the estate, name individuals who will receive specific property, and dictate any special instructions you may have. Depending on your wishes and the size of your estate, your will could be anywhere from a single page to a lengthy document. While a will allows you to express your financial wishes once you’re gone, a living will expresses your health care preferences while you’re still alive. With a living will, you’ll be able to designate the medical treatment you wish to receive, should you become unable to communicate your wishes due to illness or incapacitation. A health care power of attorney, on the other hand, allows you to designate a person who can make medical or end-of-life decisions on your behalf.
Trusts are another estate planning tool you can use to manage your property and avoid tax burdens. A trust can either be created during a person’s lifetime, or after death, by a will. There are a number of different types of trusts serving a wide range of functions. An asset protection trust, for example, is designed to protect a person’s assets from future creditors. A charitable trust, on the other hand, is used to benefit a particular charity or cause. An estate planning attorney can help you in a number of different ways.