Our law firm advises many clients regarding their estate plan. We help them in the creation and signing of valid wills, establishing trusts, powers of attorney and other legal documentation.
Additionally, we advise business owners on aspects of estate planning of their LLC operating and shareholder agreement with respect to business succession and buy/sell agreements. We also help our clients and their families in carrying out their wishes both in and out of the probate process. When disputes occur, we help our clients resolve them both in and out of court.
Estate planning is important for most anyone, regardless of their financial resources. Without a valid plan, settling your estate after you pass away could have an enduring and expensive impact on your family.
Some of the main reasons to create an estate plan include:
Even relatively minimal planning will help couples to minimize a lot or perhaps all of their state and federal estate and inheritance taxes. In addition, there are ways of decreasing the income tax your beneficiaries may owe. Without estate planning, the amount your heirs may owe the government could be substantial.
Estate plans minimize the potential for family conflicts. Arguments over assets and properties can cause a great deal of stress and bad feelings for families. Stopping conflicts before they begin is another key benefit to estate planning. It enables you to decide who controls your assets and finances after you die or in the event you suffer mental incapacitation. An estate plan is very effective for avoiding any family conflicts and ensuring the distribution of your assets goes according to your intentions.