Frequently Asked Questions
What is estate planning?
Estate planning is the process of preparing for the management and distribution of your assets and property upon your death or incapacity. It involves creating legal documents such as wills, trusts, and powers of attorney to ensure that your wishes are carried out and your loved ones are protected.
Why is estate planning important?
Estate planning is important because it allows you to control the distribution of your assets and property after you pass away. It also allows you to plan for incapacity and make important decisions about your medical care and financial affairs. Without an estate plan, your assets may be distributed according to state law rather than your wishes, which can be costly and stressful for your loved ones.
What is a will?
A will is a legal document that outlines how your assets and property should be distributed after your death. It also allows you to name an executor to manage your estate, name guardians for minor children, and make other important decisions. A will must be executed in accordance with state law and is subject to probate.
What is a trust?
A trust is a legal arrangement in which you transfer assets to a trustee to be managed for the benefit of your beneficiaries. Trusts can be revocable or irrevocable and can be used to avoid probate, minimize taxes, and provide for the ongoing management of assets after your death.
What is probate?
Probate is the legal process by which a court supervises the distribution of a deceased person's assets and property. The process can be time-consuming and expensive and can be avoided through proper estate planning strategies such as trusts and beneficiary designations.
How much does it cost?
We offer reasonably priced, no hassle flat fee services depending on your needs. Contact us for a consultation!