The purpose of estate planning is to allow you to determine what happens to your property and your money when you die, as well as to preserve your wealth during your lifetime. There are import questions you must ask yourself to determine what your goals, your priorities and your concerns are. Our Estate Planning Attorneys can help you plan your estate according to these important considerations.
The purpose of estate planning is to allow you to determine what happens to your property and your money when you die, as well as to preserve your wealth during your lifetime. There are import questions you must ask yourself to determine what your goals, your priorities and your concerns are. Our Estate Planning Attorneys can help you plan your estate according to these important considerations.
Elements of estate planning include creating wills and forming and funding trusts. There are different options that make sense for you depending upon the size and extent of your estate. For some, a simple will is all that are necessary. For others, a trust with a pour over will might be necessary. A very popular estate planning tool is the living trust. This allows you to create a trust while you are living and allows you to change the trust from time to time if you so desire. How you chose to create your will can have long term consequences. Wills not only allow you to say who gets your property when you die but estate planning can also help avoid taxes and also allows you to prevent your hard earned money and property from being lost.
Do you need to have a will? You are not required to have a will. There has laws which determine who will get your property if you don't have a will. You have other options for transferring your property in addition to a will. For example, a living trust will also transfer your property. This option allows you to transfer your property out of your estate during your lifetime, eliminating estate tax, but allowing you to retain control of your property during your life.
There are many options in estate planning and many different instruments to help you create an estate plan that is right for you. If you want to plan your estate, give us a call today. Together we can make a plan that makes the best sense for you.
With attorneys having over forty years of experience, our firm is ready to meet the important family and business needs of our clients as they consider the future distribution of their assets after death.
We also provide services related to other life events such as Pre-Nuptial Agreements, and Private Adoptions, Durable Power of Attorney for business and medical purposes and Living Wills.
Contact us by phone at 740-454-2545 or email info@mbmmwlaw.com.
We offer immediate legal help for those in need. Contact our team today for your legal needs and we setup a time to review your request.
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