Estate planning is much more than simply summarizing a testament (commonly known as Last Will). It also helps to reduce potential taxes and establishes contingency plans to make sure that your wishes in respect to desired health care treatment are followed. On the other side, estate testament establishes what happens to your home, your investments, your business, life insurance, employee benefits and other tangible & intangible assets after you are gone or become disabled to decide for it. Learn more by visiting Israel & Gerity, PLLC.
An estate planning attorney is a legitimate attorney who practices in the fields of wills, trusts, probate and estate planning. Being a qualified practitioner over the country’s laws system, he/she is well-equipped to give sound legal advice subject to regulations by state bar organization to help you put your estate testament in place. He or she can also save you from financial and emotional turmoil that could crop up due to a poorly drafted Will.
An individual can create and implement an estate testament while he/she is alive or has the legal capacity to enter into a contract. Especially for individuals who are the parent of minor child or children should have an estate testament in place to secure their futures. While for others who care about their property, or health-care treatment, having a will makes an equal sense to protect themselves from future uncertainties.
Though the web is loaded with advertisements and teasers claiming to have an all-inclusive ‘fill in the blank’ type Will or Testament kits, it is quite unlikely that any of these systems will generate an all-accomplished Will that meets all your objectives. However, only a well-qualified estate planning attorney can advise you through a complicated maze of property rights, taxes laws, probate, trusts etc. He/she lets you save a lot of time and efforts and help you properly plan your assets and liabilities.
In order to further secure the best of your interests, you should inquire about the qualifications, field of specialization and level of experience these attorneys bring along. Membership with certain bar association and estate planning bodies also indicate and certify the level of dedication these attorneys have to keep updated with the latest developments in the state law system. Above all, you should choose the attorney you have full faith/confidence in.
Since wealth preservation and protection requires an optimum address of current and future needs, cutting-edge estate management technique can be applied to address prudent personal, business and financial needs.