We have all known individuals who aren’t very prudent when it comes to handling their finances. Even those who excel at attracting wealth…
If you have been named the executor of a deceased person’s estate, you are responsible for seeing that the assets of the decedent are distributed according to their wishes as described in their will and making sure that outstanding debts are paid. This is the process of estate administration. Although acting as an executor of an estate is a complicated and time-consuming process, your estate planning attorney can provide you with advice and resources to make the experience easier and represent you in probate court, if necessary.
Careful planning our estate planning lawyer can help ensure that, in the event of tragedy, important health care decisions are left in the hands of someone you trust. With a Medical Power of Attorney, a designated “agent” can be appointed who not only has your trust and confidence, but is aware of your wishes, values and religious beliefs and will act in your best interest.
According to recent statistics, there are about 14 million single parents in the United States with the responsibility of raising almost 22 million of our nation’s children. Estate planning for a single parent can be a difficult assignment. With the help of an knowledgeable estate planning attorney, a single parent can ensure that nothing is left to chance should disaster strike.
Working with an experienced attorney is a crucial part of building and maintaining a solid Estate Plan. Knowledge of current laws and how they will benefit can be carefully explained. Goals can be outlined in detail, ensuring that your legacy will be maintained beyond your lifetime. Each element of your will or trust can be understood by you in preparation. While it is extremely important for you to have a firm knowledge of your plan and it’s implementation, one thing is very often overlooked…
We’ve all heard the popular addage that “it’s better to give than receive.” With the proper use of a Charitable Remainder Trust you can benefit from both. A Charitable Remainder Trust can be a great way for you to aid your favorite charity while receiving significant tax breaks for you and your heirs. At Marc A. Bronstein, A Professional Law Corporation, we can explore the option that will work best for you and your estate.
When putting together your estate plan, working with an experienced attorney can help you to avoid making mistakes that can cost you more than money. Some of the best-intended plans will undermine the core of the important legacy of family. One such mistake is joint ownership.
Having a solid estate plan isn’t limited to outlining the distribution of your assets and the care of your loved ones when your life is over. Your legacy begins now. Planning to give while you are still alive allows you to enjoy the help that you can provide while reducing the taxable estate that you leave behind. Working with an experienced estate planning attorney will help you gift while avoiding the gift tax
Many people consider Estate Planning only as a solution for the protection and distribution of their legacy in the event of death. One of the most important reasons to work with a qualified and knowledgeable estate-planning lawyer is in the event that a stroke, heart attack, accident, dementia or other medical issue should leave you incapacitated.
Since a will only goes into effect after you die, if you are unable to conduct business because of
Avoiding probate court is one of the best reasons for having a solid estate plan. After all, the idea that the government, according to a random judge, should decide control of your assets and the legacy that you leave behind is exactly the opposite of what sitting down with an experienced estate planning attorney can achieve. Avoiding this process requires more than a will, which is still subject to probate court. Taking steps to avoid probate requires planning.