At a time of change – a divorce, a trip abroad, a marriage, the birth of a child, the death of a family member – many people realize they need to develop or revise an estate plan to meet changing circumstances. If you need to change your first will or estate plan, talk with an estate planning lawyer at The Strause Law Group.
Our law firm helps individuals and families with wills, trusts, estate plans, probate and estate administration. Wills, trusts and end-of-life care documents can put you and your family at ease knowing that the hard decisions have been made.
Important Points To Keep In Mind
- Do you have a last will and testament? Everyone who has property or a dependent should have this basic document so that friends and family will know how to divide his or her assets.
- An estate plan can include many different documents. On one hand, by placing property in a trust (or multiple trusts), your family can avoid the expense, publicity and time of probate. On the other hand, you may want a testamentary trust or a living trust. If you have a child with disabilities, you may want to establish a special needs trust. A spendthrift trust can help someone who has money management issues.
- What about your own care? If you are unable to make your own decisions, who will? A power of attorney can designate someone of your choice to make decisions about finances and day-to-day living. A living will and medical directive can explain your preferences about end-of-life medical care.
- Estate administration and probate – This is the formal process of settling the estate of the deceased, which includes paying debts and applicable taxes, as well as transferring legal ownership of property and assets to beneficiaries. Our attorneys counsel executors and estate representatives through the probate process, both formal and informal.
Concerned about protecting your legacy and your loved ones? Let us help. Talk with our estate planning attorney about your objectives. We can recommend trusts, powers of attorney and other ways to conserve assets and make your wishes known. We have the legal insight necessary to tailor an estate plan that helps you accomplish your goals.
Learn More About Your Estate Planning Options Today
At Strause Law Group, PLLC, we believe every client is entitled to experienced legal counsel, as well as personal service. We are dedicated to protecting the business and personal interests of our clients. Please contact us online or call 502-498-8268 or 859-428-7029 to discuss your legal concerns.