Wills and Estate Planning
WILLS & TRUSTS
Proper estate planning ensures you are in charge of your finances, and alleviates the frustration, expense, and delay associated with managing your estate after you are gone.
Over 70% of seniors ages 65 and older are going to need some form of long-term care. We have legal tools to preserve your hard earned assets while securing funds to receive the level of care you need.
SPECIAL NEEDS PLANNING
We can help you plan to provide for the needs of your loved ones with disabilities when you are no longer there to pay or advocate on their behalf.
Nobody enjoys confronting the reality of their passing, but the fact remains that it’s something we’ll all experience eventually – and when that happens, you’ll want to be prepared. There will be the matter of dealing with your estate – the various assets that you’ve assembled and own – for your family, and the in-depth your preparations, the more likely everything will run smoothly for your family once you’re gone. Estates consist of a wide array of items, possessions and capital, and every element of your estate will need to be accounted for. At The Law Office of Tracey R. Perlman, we have experience with trust and will writing, and general estate planning service. We are more than prepared to take on these matters alongside you. Below, you can gain some further insights into what estate planning is, and why it’s something that you need to take care of in advance.
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What is Estate Planning?
An estate is the collection of possessions and assets that you own. That will include your bank accounts, your stocks and bonds, any real estate you own, cars, and even smaller possessions. These assets will be divvied out to your family and friends, at your behest. Estate planning is the intensive process that gives more comprehensive instructions on how you’d like your assets to be distributed upon your passing. Many people think of will planning and estate planning as interchangeable, but there are some differences. Most notable of these, is that estate planning uses various types of documents to secure and distribute your assets, rather than just a last will and testament.
One of the reasons that estate planning is a popular choice is that it helps families to navigate complex situations that a will might not account for so easily. If you have had more than one marriage, own a business (or multiple businesses), or want to donate some of your estate to charity, the best course of action is to use an attorney’s estate planning service – like ours. Such a service will take any ambiguity out of the process, which is to everybody’s benefit.
Proactivity Pays Off
If you’re tempted to leave your will and estate planning for another day, it’s best you think about that again. Yes, confronting the possibility of passing is unpleasant for many people – understandably so – but the last thing you’ll want is for everything to be left up in the air, should you depart unexpectedly. Don’t leave your family with a mess to clear up – take a proactive approach for optimal results.
For those who are unfamiliar with this term, probate is the process whereby property and possessions are given to the proper party after a person passes away. Whether a clear will exists or not, probate will take place – of course, if a person has carried out will or estate planning, the process is far more straightforward. We are experienced with this process and more than capable of completing it for you.