Estate and Trust Planning
Creating a comprehensive estate plan is one of the most important steps you can take to protect your family's future and your hard-earned assets. At Bobonik Law, our dedicated team of experienced attorneys is here to provide you with the peace of mind that your wishes will be upheld and your assets protected.
We hear all too often that “I’m young, I don’t need to worry about estate planning!” or “I don’t have that much and my children won’t fight over anything.” These situations are all too common and can create headaches for your loved ones after you pass. Unfortunately, no one has a crystal ball or can predict the future to know when their time may come.
While the specific circumstances vary from person to person, below are some general guidelines for who typically needs a will:
Adults: Any adult, regardless of age, who have any assets, property, or specific wishes regarding their belongings.
Parents: Parents with minor children have a significant need for a will. In a will, they can designate a guardian to care for their children if both parents were to pass away. This ensures that the court doesn't have to decide who will raise your children.
Individuals with Significant Assets: If you have substantial assets, including real estate, investments, business interests, or valuable personal property, a will can specify how these assets should be distributed among beneficiaries.
Business Owners: Business owners may use a will to specify what happens to their business interests after their passing. This can include naming a successor or outlining the process for selling the business.
Individuals with Specific Wishes: If you have specific wishes for your assets or property, such as donating to charities, providing for beloved pets, or distributing sentimental items among family members or friends, a will allows you to express these preferences.
Unmarried Couples: Unmarried couples may need a will to ensure their partners receive assets or property upon their death because the law may not automatically recognize their rights.
Retirees: As you approach retirement or during your retirement years, you may want to update your will to reflect changes in your financial situation or family dynamics.
Those Seeking to Avoid Intestacy Laws: Without a will, your assets may be distributed according to your state's intestacy laws. Creating a will allows you to have control over how your estate is distributed rather than leaving it up to legal defaults.
Our Estate Planning Services
Wills: Craft a legally binding document that outlines your wishes for asset distribution and guardianship of minors.
Trusts: Establish trusts to protect your assets, provide for your loved ones, and minimize estate taxes.
Powers of Attorney: Appoint trusted individuals to make financial and healthcare decisions on your behalf if you're unable to do so.
Healthcare Directives: Outline your medical treatment preferences and appoint a healthcare proxy to make decisions in case of incapacity.
Probate Avoidance: We'll help you navigate the legal complexities to minimize the burden of probate for your loved ones.
Ready to Secure Your Legacy?
Your estate plan is a vital document that will shape the future for you and your loved ones. Don't leave it to chance. Let Our Firm guide you through the estate drafting process, ensuring your wishes are respected and your legacy is preserved.
Don't delay planning for your future and the future of your loved ones. Our team is ready to guide you through the estate planning process and create a secure legacy that reflects your values and wishes. Schedule your own free consultation with one of our experienced professionals today to learn more about what kind of estate plan is right for you.