Estate planning is a must for responsible adults of all ages. When you plan your estate, you preserve your wealth while you are living, and you facilitate efficient asset transfers after you pass away.
There is no one-size-fits-all estate plan, because each family is unique. Different people have different concerns.
Personalized attention is key. When you consult with an estate planning attorney, you can become apprised of all your options.
Last Wills
The last will is the most commonly used document in the field of estate planning. A will can be a good choice for some people, but you should understand the facts before you make any decisions.
A will must be admitted to probate before the heirs receive their inheritances. Probate can be time-consuming and expensive.
Living Trusts
Revocable living trusts are very popular for a number of different reasons. With this type of trust, you do not lose control of the assets while you are living. After you die, the trustee that you choose would distribute assets to the beneficiaries according to your wishes.
These distributions would not be subject to the legal process of probate.
Advanced Estate Planning
Some estate planning situations are more complex than others. There are advanced estate planning techniques that can be implemented depending on the circumstances.
Taxation is a factor for some high net worth individuals. You can take steps to gain tax efficiency if your estate will be exposed to the federal estate tax. There are also things you can do to protect your assets from creditors and claimants.
Free Estate Planning Reports
Our firm has prepared a number of special reports on various different estate planning and elder law topics. These reports are being offered free of charge, and you can obtain access through this website.
Click the following link to browse through our electronic library of special reports: Free Estate Planning Reports.
Schedule a Free Southampton Estate Planning Consultation
We offer free consultations to people in the greater Bucks County, Pennsylvania area. To request an appointment, send us a message through our contact page.
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