Future Security Now
In my decades of practice, I have learned that many people think estate planning is only for the elderly, wealthy, and/or infirm. Nothing could be further from the truth. No matter your age, financial situation, family makeup, or health, there are important steps you can take now to make sure that your loved ones are taken care of when you pass, whether that be tomorrow or in 50 years. The earlier you begin planning, the more wealth you can build over time while protecting it for the people who have mattered and will matter most to you.
Building Your Legacy
Estate planning, however, is not just about building up and distributing wealth, although that is a major part of it. It is also about shaping how future generations will benefit from your hard work and planning. By incorporating trusts and other estate planning devices, you can dedicate assets to your family’s true needs as you see fit (for example, educational needs) while potentially achieving tax benefits and protection from asset depletion. You can even support charitable causes now and in the future while lowering your taxes and growing your wealth. In addition, you can protect your own future as well by creating instruments to manage your care and finances should you become incapacitated.
The Probate Process
When a person dies, their assets may go into probate (although there are many estate planning solutions to help bypass probate) at which time a probate court will oversee the distribution of an estate through paying creditors and transferring property to beneficiaries. All too often, however, disputes arise in probate relating to issues such as the payment of creditors, the distribution of property to competing beneficiaries, and even the validity of a will. I help defend and advance the interests of parties involved in probate to obtain the results to which they are entitled, always with an eye to reaching positive outcomes economically and efficiently.