When you have valuable assets, proper estate planning is essential to ensure that these assets are distributed according to your wishes after your death. If you need to create a new estate plan or modify an existing one, consulting qualified Estate Planning Attorneys is essential.
About the Estate Planning Process
The purpose of the estate planning process is to ensure that your wishes are carried out properly after your death, as well as to provide for any loved ones who may depend on you for financial support. Several estate planning tools exist to help you accomplish these goals, including wills, trusts and powers of attorney.
A will is a document that details your instructions for the administration of your estate and the distribution of your property after your death. Trusts, on the other hand, are arrangements that hold your property until your death and pass it directly to an heir named in the trust. Powers of attorney are legal documents that designate a specific individual to act on your behalf and make important decisions if you become unable to do so.
Hiring Estate Planning Attorneys
If you are interested in making an estate plan, you need assistance from experienced estate planning attorneys. A qualified attorney can review your financial situation and goals, recommend the tools that will work best for your needs and help you make the most appropriate decisions. Once you have decided how you want your estate plan to be structured, your attorney will help you carry out your plan. Your estate planning attorney will also be able to help you modify this plan over the years as your needs change. For example, if you have another child or get a divorce, you may need a new estate plan.
Contact Stivale Law Offices, PLLC
Regardless of the amount of assets you own, making an estate plan can be complicated, but consulting the right attorney makes all the difference. To learn more about estate planning or to get started, please contact Stivale Law Offices, PLLC, today.