DEFINING YOUR ESTATE
The goal of any estate plan is to make decisions about your property and other important matters following your death. Depending on the circumstances, your estate may involve many different assets, including your house, other real estate, bank accounts, personal belongings, retirement plans, and life insurance policies. All of these assets must be addressed upon your death. An estate plan allows you to categorize these assets and determine what will happen to them after your death, whether they are to be passed on to specific family members or other loved ones or used for charitable purposes.
REASONS TO PREPARE AN ESTATE PLAN NOW
By taking the time to prepare an estate plan, you can help ensure that your assets are distributed as you wish following your death. In doing so, you can set forth your intentions in a straightforward manner and hopefully save your surviving family members and loved ones a great deal of time, confusion, and money by avoiding the probate court process.
HOW TO DRAFT A CLEAR ESTATE PLAN
With the help of Albert E. Mead, Jr., you can draft a clear estate plan that addresses a wide variety of issues, which can range from the transfer of real estate to the appointment of a guardian for your minor children. Your estate plan may include:
- Wills and Trusts: These are used to manage and distribute your property, as well as avoid costly tax consequences and court costs.
- Powers of Attorney: These allow you to designate a person to make decisions if you become incapacitated.
As these examples illustrate, estate planning isn’t important just for those who own a great deal of real estate or money. Rather, most individuals can benefit from the advice of an experienced attorney in crafting a solid estate plan.
ADMINISTERING YOUR ESTATE ON TRUST
As a probate and trust administration attorney Mr. Mead will guide his clients with intelligence and compassion through the many issues that arise upon the death of a family member or other loved one.
FOR MORE INFORMATION ABOUT ESTATE PLANNING AND ADMINISTRATION
Albert E. Mead, Jr. represents individuals and families in creating all types of estate plans. To consult with him about your specific estate planning needs, contact him today.