Protecting Your Property, Interests, and Finances in the Event of Death or Disability.
While Estate Planning may sound like something of interest to the wealthy, almost everyone and every family can benefit from planning for the day when death or disability makes it impossible for you to make decisions about your property, belongings, and money.
Preparing a will is the most common form of estate planning. In fact, there are basically 3 main things estate planning is good for:
Giving you a say in who receives your belongings and how your assets are used and distributed after your passing.
Allowing you to choose someone who has the power to make decisions for you should you become incapacitated. This is called a Power of Attorney.
Preserving the value of your assets through proper tax planning.
What is an Estate Plan?
An estate plan is a collection of legal documents, based on the needs of you and your family. It can include a living will, last will and testament, a trust, a power of attorney, medical power of attorney, and other documents to help ensure that your wishes and your family’s welfare are taken care of.
With an estate plan, you’re ensuring the proper distributions of your assets, planning for the security of your children, and even providing for a donation to your favorite charity.
Probate Law
Sometimes when someone dies they own assets that are in their name alone and an executor or administrator must settle the loved ones affairs. This is called Probate. Probate is required by state law and is meant to protect beneficiaries and creditors, assuring that estate assets are properly distributed.
For legal assistance with Wills, Estates, and Trusts, you want the expertise of a local, experienced law firm. Call Moore Becker Smarto & Acosta today at 724-838-8422.
724 838-8422
