Estate planning lawyers deal with planning for the future and the inevitability of death, such as preparing wills, trust, and other estate planning documents governing your assets and specifying your wishes. Estate planning lawyers also assist clients with wealth management and asset protection, obtaining life insurance to pay for the costs of a funeral, and other matters.
The advice and direction of your estate planning attorney will be essential to implementing an estate plan that both disposes of your assets according to your wishes and meets your other personal objectives.
What Is Estate Planning?
Estate planning is a process to consider alternatives for, to think through, and to set up legally effective arrangements that would meet your specific wishes if something happens to you or those …
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How Can I Reduce My Estate Tax Upon My Death?
Federal Estate Taxes are only charged against Estates with net values in excess of the amount set by the law in place at the time of the person's death. The values change from time to …
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Are Conservators Paid?
Typically a conservatorship allows the conservator to be paid for his or her services. The conservator is also entitled to attorney fees to seek legal advice. In addition, the court will require a …
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Living Trusts
Living trusts have grown in popularity over the last two decades. A living trust (or an inter vivos trust) is a common estate planning tool as well as a tool to manage a person’s assets while they are alive. As its name suggests it is a type of trust created during one's lifetime and is managed for the benefit of the person who creates it. The participants in a trust …
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Naming Children as Life Insurance Beneficiaries
Many people purchase life insurance to provide for their children. As the term implies, life insurance is an insurance plan that allows a parent, or other policy holder, to continue to provide financially for the beneficiaries after the parent’s death. Life insurance can provide income for the day to day support of a child and it can provide funds for long term or larger …
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