Trust & Estate Planning
As experienced wealth management attorneys, our firm works to ensure control of our clients’ wealth stays with our clients. An estate plan sets in place the tools to distribute or manage your property in the event of your incapacity, death, marriage, or divorce.
Basically, estate planning is making a plan in advance and naming whom you want to receive the things you own after you die or if you become incapacitated and unable to handle your own affairs. It also names the guardian of your children and makes sure they are taken care of should both parents pass away before the children are 18 years old.
Estate plans will also avoid costly and timely probate court as your wishes are clearly written. No matter what your net worth, it is important to have a basic estate plan in place.
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The most important step in estate planning is to discuss your plans with your heirs. This is the best way for everyone to understand your goals and intentions.
Discussing your estate plans with your family may also help prevent disputes or confusions. Inheritances can be a loaded issue. By being clear about your intentions, you help dispel potential conflicts after you are gone. Making sure you have a properly prepared plan in place will give you and your family piece of mind.
Estate Planning is one of the best things you can do for those you love.
Finally, don’t forget to have your estate plan updated should there be a change in your financial situation, marital status, addition of children, etc. The experienced team at Painter & Associates will act as your legal partner to make sure all documents needed are also up to date with the latest state and federal laws.