Most individuals think that they are too young or healthy to start planning their estate. At NM Law, APC, we strongly encourage you to learn exactly why estate planning is such a valuable process. Your loved ones and you can all benefit financially and emotionally if you are prepared with a detailed estate plan before your passing.
There are many benefits to estate planning. It saves you and your loved ones from having to pay loads of attorney’s fees on top of court fees by avoiding the probate process. All of your last wishes will be overseen by a trustee that you choose to be in charge of your living trust instead of a judge. In addition, your loved ones will avoid the high taxation that comes from probate. Instead of having to pay thousands of dollars out of their inheritance for estate taxes, they will be able to keep the bulk of their inheritance for their own use as you had intended.
DOCUMENT YOUR LAST WISHES
Estate planning ensures that your last wishes are followed and documented in detail. If you decide to establish a living trust, you will be able to place a responsible individual or adult as the trustee of the trust, allowing them to handle all of your property and wishes after you pass away. You might choose to draft a simple will, but keep in mind that this option still requires probate.
Estate planning, most importantly, provides for the ones you love by allowing them to distribute your estate in a manner of weeks instead of the months it would take in the probate process. With estate planning you will be able to ensure your loved ones are properly taken care of after you pass. You may also provide documentation of how you would like to be cared for, should you become unable to act or care for yourself.
Contact NM Law, APC to speak about how we can help you through the process of estate planning. The idea may seem a little unnerving but we are willing to guide you through each step of the process. With more than 15 years experience, Noelle Minto is skilled in these legal areas so you are guaranteed only the highest quality of counsel and legal representation. Contact NM Law, APC today to find out what we can do for you through a case evaluation.
CONTACT N·M LAW, APC