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Article courtesy of http://www.estateplanninglawfirms.com/,
a site that lets you find estate planning lawyers in your area by your zip
code. The the site also has estate planning related news and legal
topics.
An Estate is the entirety of a property, real and
personal, owned by an individual prior to distribution through a trust or
will.
Estate planning is the process by which an individual, or
nuclear family with the person's consent and approval, arranges the
transfer of assets to heirs or other beneficiaries. The reason for this is
to provide the family, or anonymous miscellaneous beneficiaries, with
legal rights to the property after the individual has passed away.
Aspects of Estate Planning, include:
- Trusts
- Wills
- Uniform Probate Code
- Gift Tax
- Dynasty Trust
- Joint Tendency
A good Estate Planning lawyer can do more than just
manufacture a simple will. Estate planning also typically minimizes
potential taxes and fees, and sets up contingency planning to make sure
that your wishes regarding which items are allocated and who the main
beneficiaries are.
Many trusts are created as an alternative to or in conjunction with a
will and other elements of estate planning. State law establishes the
framework for determining the validity and limits for both.
An Estate Planner can assist you with organizing your personal
and business records such as:
- Brokerage Accounts
- Retirement Plans
- Savings and Checking Accounts
- Insurance Policies
- Business and Partnership Interests
- Debt Personal Property
An Estate Planner can also assist all other
possible estate planning law concerns.
Article courtesy of http://www.estateplanninglawfirms.com/,
a site that lets you find estate planning lawyers in your area by your zip
code. The the site also has estate planning related news and legal
topics.
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