Planning for your family’s financial future can be a daunting task, but establishing a proper estate plan is one of the most important steps you can take to protect you and your family. Let us assist you – there are many details that are easy to miss and can cost your family greatly in the long run. The Dorothy Butler Law Firm can clarify this process and make certain that your wishes are carried out as planned, even after you are gone.
What Planning Needs to Be Done?
An estate plan includes preparing legal documents outlining the distribution of personal property and assets upon a person’s death. An estate plan ensures that your wishes are carried out, and that you are able to pass the greatest amount of assets to your beneficiaries while incurring the least amount of administrative costs and taxes. Be aware that your assets will pass according to state statutes rather than your own wishes if no estate plan is in place.
Estate planning not only puts you in charge of your finances, but can also be a significant relief to loved ones. With an estate plan, you and your family can be certain that your wishes will be carried out. Additionally, estate plans can minimize taxes can help avoid probate costs.
Estate planning services and considerations include:
- Last Will and Testament
- Power of Attorney
- Credit Shelter
- Supplemental Needs
- Selecting an Executor, Personal Representative, or Trustee
- Selecting a Guardian for Your Children
- Medical Directives
Our estate plans start with a Power of Attorney and a Will. The first document will help manage your property in the event you cannot, and the second will ensure proper handling of your assets after death. There are also many other strategies to assist you with your planning. The Dorothy Butler Law Form advises our clients in a way that gains the maximum benefits of the law while effectively carrying out your wishes.
A Properly Conceived Estate Plan Can:
- Minimize the cost of administering an Estate
- Minimize the time needed to administer the Estate.
- Ensure your wishes are carried out properly after your death.