Estate Planning Probate

Free Consultation

Everyone, regardless of what they own, can benefit from an Estate Plan.

When most people hear the term estate planning, they think Last Will and Testament.  However, what most people do not realize is that even if they have a Will, their estate will still very likely have to be probated.

That’s right – contrary to popular opinion, the estates of those people who die with a Last Will and Testament must still go to probate.

The key to estate planning is to avoid the probate process.  But why?  The two main reasons to avoid probate are:
(1) probate is very time-consuming and
(2) it can also be very expensive.

The purpose of probate is to retitle assets that are owned in a decedent’s own name, at the time of their death.  Thus, if a person does not own any assets in their own name at the time of their death, there is nothing to retitle – and the probate process can often be avoided entirely.  This strategic shifting of assets while a person is still alive and capable of making conscious decisions regarding their property is one of the primary goals of the estate planning process.

There are many tools available to create an estate plan that is right for you.  Each estate plan that we create is specifically tailored to meet our clients’ individual needs.  Through effective estate planning, we can help ensure:

  1. That you have complete control of your assets during your lifetime; that is, you can buy property, sell property, access bank accounts, transfer assets, and do all the things that you need to be able to do in order to carry on with your accustomed style of living.
  2. That even after your death, your spouse, children and family members will be taken care of in a way that you helped to provide.
  3. That, should you become sick, incapacitated, or be otherwise unable to make medical and/or financial decisions for yourself, someone who you know, trust, and love will be making the decisions for you – and not the Court.
  4. That, when the time comes, your property will be distributed according to your wishes and not the wishes of the State or a judge.
  5. That your minor or special needs child will be cared for, in a like manner that you would have cared and supported them.
  6. That your estate tax liability is reduced or in most cases eliminated, thereby preserving your hard earned property for those who you would like to see benefit from it.
  7. That, in many cases, the probate process is entirely avoided.

Our primary focus during the estate planning process is to develop a plan that meets your individual needs, yet will avoid many of the challenges that are often faced as a result of poor or non-planning. We begin this process with an informal, low pressure meeting that is attended by those of your choosing.  During this initial meeting, we will discuss the general need for an estate plan, answer any questions that you might have about the process, and also begin to understand your individual estate planning needs.  From there, we will take the information that you provide and prepare an estate plan that will meet the goals that you have established.

During our second meeting, together we will carefully review the plan that we have established for you, and make sure that it meets each of the goals that you identified during our initial planning meeting.  From there, we will make any and all necessary revisions until we have prepared an estate plan that meets with your individual expectations.

Finally, we will assist you in executing your estate plan and be there to counsel you through any issues or concerns that arise along the way.

The time that it takes to create your estate plan is completely driven by you.  However, in most cases, the entire estate planning process can be completed in less than thirty days after our initial meeting.

Contact us to receive your free, no obligation case analysis:

Send us an Email (847) 230-9037