Estate planning is important because it will ensure that your assets go where you want them to when you pass away, while also helping your estate to avoid probate and hefty estate taxes in the process.
An estate planning lawyer can help you draft the proper documents to ensure that your wishes are carried out according to your estate plan. Here are a few things you should know about estate planning.
Chances are you have assets that could be passed on to loved ones when you die. But what should happen to those assets? Where should they go? Who should receive them? What types of documents do I need to create an estate plan that meets my specific goals for my family and values?
To answer these questions, you need to create an estate plan. Our attorneys can help with every step of the process.
If you have assets that you want to leave to your family, there are some important documents that every estate should have in place. These documents include a will, power of attorney for healthcare and property, and a trust or living trust.
Importantly, if you own real estate, or have minor children, the best estate planning tool to provide for your children and keep your home out of probate is a Trust. If you have any questions about these legal documents for your estate, contact our lawyers at 847-786-2236.