Estate Planning and Probate
Estate planning can mean many different things, depending on a client’s situation. Our attorneys will sit with you to understand your situation and discern your estate planning needs. We will explain your options and explore alternatives, ask key questions and provide expert advice.
- Living trusts
- Diminished Capacity Planning
- Charitable gifts and family foundations
- Estate and gift taxes
- Business succession planning
Why do I need an estate plan?
People at all stages of life can benefit from a carefully prepared estate plan. Creating an estate plan puts in place a set of personalized legal arrangements that cover the most important aspects of your life: your children, your spouse, your health and your property.
A properly drafted estate plan can:
- Provide a flexible, needs-based financial support system for your children and spouse, while minimizing estate tax liability and ensuring that your property is distributed according to your desires.
- Avoid the long, costly, open-to-the public process of probating your will and estate property in court.
- Appoint the people you want to be in charge of your property, healthcare directive, estate administration and minor children.
- Make your wishes known in an authoritative way so that your loved ones will honor your choices regarding medical treatment, property management and lifestyle if you are no longer able to make decisions in these areas.
- Provide for the efficient, private transfer of your property to your intended beneficiaries after your death.
Frequently Asked Questions
- Why is a living trust so important?
- What does an estate plan consist of?
- When should I revisit my estate plan from many years ago?