The Law Center team can help you with estate planning as well as probate and estate administration. While nobody wants to think about death or disability, establishing an estate plan is an important step you can take to protect yourself and your loved ones. Estate planning helps you manage and preserve your assets during life and the transfer of assets to your intended beneficiaries thereafter. It provides an opportunity to protect your loved ones and their inheritances. The potential components of an estate plan are as varied as one can imagine. Usually though, it will involve:
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As is with all of our clients, our boutique style atmosphere provides clients with personal attention and personalized plans for your unique circumstances. Our office handles the creation of wills and trusts and work with individuals and families. The concept of wills and trusts are to prevent the necessity of probate. The process of probate is expensive, time-consuming, and public. The probate court maintains control until the estate has been settled and distributed. The probate court may freeze assets for weeks or months prior to disposition. With proper planning, you can avoid this muck. Through the use of trusts, powers of attorney, and health care directors, are clients are able to control financial, legal and property matters as well as health care and medical matters and the control over and care of minor children and other dependents. If you want your family to be able to immediately take over for you, it's essential that you work with an attorney to create the proper legal documents to designate a person or persons that you trust so they will have the authority to withdraw money from your accounts, pay bills, take distributions from your IRS's, sell stocks, and refinance your home. Many people think that a simple will can effectively protect you but you may need additional planning prior to your passing.
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