While it can be extremely uncomfortable and stressful to discuss what is to happen to your belongings at the time of your passing, there is no way around the fact that it is imperative that we ALL properly and fully account for our estates in a responsible manner. We owe it to ourselves and our family members to ensure that our heirs are insulated from the potential problems that arise from a poorly planned future.
At Distinct Law Group, we take tremendous pride in treating each and every client with the care and dedication that they deserve. Our primary goal is to PROTECT you, the client, by effectively analyzing your assets and ultimately providing our sound and reliable legal opinions.
*Preparation of Wills and Trusts
*Powers of Attorney
*Finalization of Irrevocable Trusts
*Optimization of Estate Tax Benefits
Nobody can predict the future and with that comes a level of uncertainty that no one wants to face. That being said, estate planning can help you feel more comfortable about that unknown future, especially when it comes to protecting your estate and loved ones.
Estate planning is crucial as it gives you control over your assets not only after death but during your life as well. Regardless of the size of your estate, it is vital to prepare an estate plan. By planning ahead, you will be guaranteeing that you minimize the legal fees and taxes for your heirs. Additionally, if you become incapacitated, advance directives become very important in the handling of your affairs.
Many people have a difficult time confronting issues such as what will happen after their death. Dying without a will or trust means that you will have no control over protecting your assets and planning for your family’s future. Proper planning now can bring you peace of mind that your estate will be distributed the way you want upon your death.
Our assistance with your estate planning will help you reduce estate taxes, avoid the emotional and financial effects of probate and protect your assets against in-home or nursing care costs. An estate planning attorney can help preserve your wealth and allow you to maintain control of your future.
A will provides the framework for distributing your property, establishing who will care for your children and otherwise express your wishes upon your death including any wishes you have regarding burial or funeral arrangements. Your living will can also set the considerations for medical intervention should you become incapacitated. This assures that when you are most vulnerable, your wishes will be honored.
A living trust is essential for every individual, no matter the size of your estate. Whether you have only one house or many properties, a trust is vital in helping your heirs avoid probate. Unlike a will, which is a public record, a trust remains a private document that can only be seen by an appointed trustee or a successor trustee.
There are also a variety of other trusts that may meet your goals, such as family trusts, special needs trusts, charitable remainder trusts and irrevocable life insurance trusts (ILITs).
Advance Health Care Directive
An Advance Health Care Directive will specify who can make health care decisions in the event you are unable to make your decisions. Preparing an Advance Health Care Directive offers the best assurance that decisions regarding your future medical care will reflect your own values and desires.
Power of Attorney
A Power of Attorney will allow you to authorize someone else to handle your financial affairs. There are different types of power of attorney, which an experienced estate-planning attorney can review with each client to ensure that the most effective type is chosen for your needs.
Let Distinct Law Group help give you an answer as to what the future holds for your estate by calling us at 714-546-4600 today.
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