Developing a proper estate plan is important for the well-being of your family. Estate plans help manage difficult times in life and with the help of expert attorneys to prepare them, your wishes can be effectively carried out. Everyone needs to think about estate planning, regardless of the number of your personal assets because every estate will be processed through probate and will be taxed and distributed.
Work with an attorney who specializes in estate planning
- Working with an attorney on your estate plan is important. An attorney can draft fundamental estate planning documents like a health care proxy and power of attorney. You will make all the decisions in your estate plan, and your lawyer can help you understand and evaluate the often complex implications of your choices. Furthermore, attorneys can help you avoid pitfalls and minimize tax consequences.
- Estate planning attorneys can help you maximize the assets you leave behind. During planning, it is important to get legal advice on how each asset and your estate as a whole will pass to your beneficiaries. To maximize your estate, you will want to minimize what will be lost to taxes, court fees, and other expenses.
ALL PRACTICE AREAS
How can Dubail Judge Help Me with Estate Planning?
Estate planning is sensitive. It is difficult to think about and plan for a period of time after you are gone. Our initial review of your estate is carried out with compassion and sensitivity.
We will review your requests and recommend the right variety of services from drafting a last will and testament to establishing complex trusts to protect your assets.
Our services include drafting wills, powers of attorney, living wills, and trusts, and we can help navigate your family through the probate process.
Can You Help Update My Existing Estate Plan?
Occasionally, estate planning documents need updating, and we are happy to offer this service. If you have a plan and are considering making changes or updating items, you should contact us for an appointment. Also, whenever there is a major life event like a birth, death, divorce, or marriage, changes may become necessary.
Changes in your net worth, employment status, domicile, and many other factors also should alert you to review and perhaps renew your plan. Certainly, we can help with changes in the goals of your estate plan and we will be able to advise you of any changes in the law that might impact your prior plan.
What Happens When My Estate is Probated?
Probate is a process by which the probate court makes a series of determinations about a person’s will and distribution of the estate. After a hearing, the court decides whether or not the will is valid, and if it is, a personal representative is appointed by the court to gather the estate's assets. Taxes and debts are paid by the estate, then any remaining funds or items are distributed according to the will.
We have experience navigating probate court hearings and are happy to answer any questions you may have about the division and distribution of your estate.