At Legacy Wealth Estate Planning Attorneys, we understand that planning for the future can be overwhelming and complex. That's why we are dedicated to providing expert guidance and personalized service to help you navigate the estate planning process.
Our team of experienced attorneys is here to help you protect your assets, provide for your loved ones, and ensure that your legacy is carried out according to your wishes. Whether you're looking to create a will, establish a trust, or plan for the future of your business, we have the knowledge and expertise to help you achieve your goals.
Let us be your partner in securing your financial future and the legacy you want to leave behind. Contact us today to schedule a consultation and learn more about how we can help you with your estate planning needs.
A will is an essential part of any comprehensive estate plan. It allows you to control what happens to your assets and property after you pass away, ensuring that they are distributed according to your wishes.
At Legacy Wealth Estate Planning Attorneys, we offer will drafting services to help you create a legally-binding document that reflects your wishes. Our attorneys will work with you to carefully consider your options and determine the best course of action for your situation.
We'll help you identify the assets you want to include in your will and determine who should receive them. We'll also help you appoint a trusted individual to serve as the executor of your will, responsible for carrying out your wishes and managing the distribution of your assets.
In addition to helping you draft a will, our attorneys can also assist with updating an existing will or creating a living will, a document that outlines your healthcare preferences in the event that you become unable to make decisions for yourself.
Creating a trust is an effective way to protect your assets and ensure they are distributed according to your wishes. A trust is a legal document that allows you to transfer ownership of your assets to a trustee, who manages and distributes the assets on behalf of your beneficiaries. There are several different types of trusts, each with its own unique features and benefits.
One common type of trust is a revocable living trust, which allows you to maintain control over your assets during your lifetime and make changes to the trust as needed. Upon your death, the trust becomes irrevocable and the trustee distributes the assets according to the terms of the trust. This type of trust can be particularly useful for avoiding probate, which can be a time-consuming and expensive process.
Another type of trust is an irrevocable trust, which cannot be changed or revoked once it is created. This type of trust is often used for asset protection and tax planning purposes. For example, you may use an irrevocable trust to protect your assets from creditors or to reduce the amount of estate taxes your beneficiaries will have to pay.
Probate is the legal process of administering a person's estate after they pass away. This includes identifying and inventorying the deceased person's assets, paying their debts and taxes, and distributing the remaining assets to their beneficiaries.
Estate administration involves managing the estate during the probate process. This includes filing the necessary court documents, managing the assets, and communicating with the beneficiaries.
At Legacy Wealth Estate Planning Attorneys, we have extensive experience with probate and estate administration. Our attorneys will handle the legal aspects of the process, allowing you to focus on grieving and moving forward.
Protecting your assets is an important part of estate planning. Without proper planning, your assets could be at risk of being lost to creditors, lawsuits, or taxes.
At Legacy Wealth Estate Planning Attorneys, we can help you create a plan to protect your assets and ensure they are passed on to your loved ones according to your wishes. This may include strategies such as setting up trusts, transferring assets to a spouse, or taking out insurance policies.
As we age, it's important to plan for potential challenges and changes in our health and wellbeing. At Legacy Wealth Estate Planning Attorneys, we specialize in elder law, providing a range of services to help seniors and their families navigate the legal complexities of aging.
Our elder law services include:
Medicaid planning: Ensuring that you have access to the healthcare you need, without depleting your savings.
Guardianship and conservatorship: Appointing a trusted individual to manage your affairs if you become unable to do so.
Advance directives: Outlining your wishes for medical treatment and end-of-life care
Estate planning: Protecting your assets and providing for your loved ones after you're gone
With our help, you can rest assured that your affairs are in order and that you'll have the support you need as you age.
When it comes to running a successful business, one of the most important things to consider is what will happen to the business after you are gone. This is where business succession planning comes into play. By creating a solid plan for the future of your business, you can ensure that it continues to thrive even after you are no longer at the helm.
At Legacy Wealth Estate Planning Attorneys, we offer comprehensive business succession planning services to help you prepare for the future. Our team of experienced attorneys will work closely with you to understand your goals for your business and create a plan that meets your needs. We will take into account a wide range of factors, including your business's current value, projected growth, potential risks, and your personal objectives.
At Legacy Wealth Estate Planning Attorneys, we understand that many of our clients want to give back to their communities and support the causes they care about. Through careful estate planning, we can help you make a lasting impact on the organizations and charities that matter most to you.
One way to support charitable causes is through a charitable trust. This type of trust allows you to donate assets to a charity while still retaining control over how the assets are used. You can specify how the assets should be invested and when the funds should be distributed to the charity.
Another option is a charitable gift annuity. With this type of annuity, you make a donation to a charity in exchange for a fixed income for life. This can be a great way to support a charity while also providing income for yourself or a loved one.
At Legacy Wealth Estate Planning Attorneys, we can help you explore these and other options for charitable giving and design a plan that meets your charitable goals.
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