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Hiring An Estate Planning Lawyer

 

 

Estate Planning

An estate is the total property, real and personal, owned by an individual prior to distribution through a trust or will. Real property is real estate and personal property includes everything else, for example cars, household items, and bank accounts. Estate planning distributes the real and personal property to an individual's heirs.

An expert Estate Planning attorney can do more than just manufacture a simple will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure that your wishes regarding which items are allocated and who the main beneficiaries are.

More than just the writing of a will, estate planning is the preparation of a plan to carry out an individual's wishes as to the disposition of her property before or after her death.

Issues and topics related to Estate Planning include:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Estate Tax
  • Dynasty Trust
  • IRS

Are you in need of an expert attorney in the field of Wills and Trusts Law? If so, contact us now and receive a free case review.

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A "Living Trust" can be used to hold legal title to and provide a mechanism to manage your property

You can select a person or or a group of people to serve as the Trustee. They then carry out the instructions you want in the Trust and name one or more Successor Trustees to take over should you no longer be able to. Unlike a Will, a Trust generally goes into effect immediately, functions throughout your lifetime even if you become incapacitated, and continues even after your death. Most Trusts are revocable meaning that the person who creates the Trust can make modifications or terminate the Trust in the future.

 
 

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