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Frequently Asked Questions
Who
needs an
Estate Plan?
Estate planning can mean many different things to many different
people. Regardless of your family wealth, estate planning is
essential. We all need plans for the future. An estate plan can
eliminate concerns about your security in the event of disability
and provide for your loved ones in the event of your disability or
death.
What is an Estate
Plan?
A properly prepared estate plan allows you to plan for the
management of your property in the event of your disability or
death. You can give what you have to whom you want, the way you
want, and when you want, while avoiding probate and minimizing death
tax. You control every aspect of your estate plan.
Why
do you need an Estate Plan?
Without a properly drafted estate plan:
·
If you become disabled, management of your property
and financial affairs may be supervised by the probate court.
·
Upon your death, distribution of your property may be
supervised by the probate court.
·
Upon your death, your property may pass to unintended
heirs.
·
In the event of your disability or upon your death,
your family and loved ones may incur excessive taxes, costs, and
fees.
·
Upon your death, your financial affairs may become
public, and distribution of your property to loved ones may be
delayed for months or even years.
How will an Estate
Plan Help You?
A properly prepared estate plan can:
·
Provide instructions for your care and the care of
loved ones.
·
Provide instructions if you own property in other
states.
·
Avoid the delays of probate and the associated legal
costs.
·
Keep your affairs private and confidential.
·
Control all of your property.
·
Minimize death taxes.
·
Protect young children from inheriting too much too
soon.
·
Create protection for heirs with special needs.
·
Protect your heirs’ inheritance from loss due to their
creditors or lawsuits.
·
Protect your heirs’ inheritance from loss due to
divorce.
When should I get
started?
Building financial resources is a lifetime effort. Planning
thoughtfully for your care and the care of your loved ones is not a
routine, do-it-yourself job. Don’t put your resources and loved
ones in jeopardy by becoming a victim of a sales scheme that
bypasses attorneys and other experienced planning professionals.
Begin now, by calling
Freyman & Maltagliati, P.C. for a free initial
consultation.
Freyman & Maltagliati, P.C. can make the estate planning
process simple and
prepare your estate plan promptly.
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