Estate Planning
Proper estate planning allows for the smooth management and distribution of your assets, both before and after death. Administrating an estate after a loved one’s death is an unwelcome fact of life. That said, it shouldn’t have to feel like peeling an onion. Structuring your estate ahead of time can avoid delays and minimize friction within the family.
In addition, a good estate plan will nominate guardians for minor children, and provide for their care in accordance with your wishes.
What’s wrong with probate? It’s expensive, public, long, and unnecessary. The attorney’s fee is set by statute, and can exceed $9,000 for a $300,000 estate! Everything you own is made a matter of public record. Probate typically takes about a year, but can easily drag on for longer. In most cases, probate can be easily avoided by a trust.
In addition, a good estate plan will nominate guardians for minor children, and provide for their care in accordance with your wishes.
What’s wrong with probate? It’s expensive, public, long, and unnecessary. The attorney’s fee is set by statute, and can exceed $9,000 for a $300,000 estate! Everything you own is made a matter of public record. Probate typically takes about a year, but can easily drag on for longer. In most cases, probate can be easily avoided by a trust.