Knowledge, Experience, & Excellence
Estate planning is an important process that ensures your assets are distributed according to your wishes and that your loved ones are taken care of in the event of your death or incapacity. At The Preston Law Firm, we understand that estate planning can be a daunting task, which is why we’re here to help.
Our team of experienced attorneys has extensive knowledge in estate planning and can guide you through the process, helping you make informed decisions about your assets and loved ones. We will work closely with you to understand your unique needs and goals, and develop a customized estate plan that meets those needs.
Don’t wait until it’s too late to plan for your future. Contact The Preston Law Firm today to schedule a consultation and let us help you create a comprehensive estate plan that meets your specific needs and goals.
Do You Need an Estate Plan?
The answer is likely yes; however, more than half of Americans have failed to take the steps necessary to plan for the future. The most common reason given for this failure is that they don’t have enough assets to necessitate a plan.
Many people believe that they do not have enough assets to justify creating an estate plan, but this is not the case. An estate plan is not just about distributing wealth and property; it is also about protecting loved ones, ensuring that your wishes are carried out, and making the process of transferring assets as smooth and stress-free as possible. Even if you do not have a large amount of financial assets, you likely have personal possessions, sentimental items, and other assets that are important to you and your family. Importantly, our estate plans also include important legal documents such as a power of attorney, advanced healthcare directive, and living will which ensure that your your loved ones are able to legally and easily care for you in the unfortunate event of incapacity. Regardless of the size of your financial assets, an estate plan provides peace of mind, protection for yourself in you become incapacitated, and protection for the well-being of your loved ones.
An estate plan is a crucial tool for parents with minor children to ensure that the child's well-being and future are protected in the event of the parents' death or incapacity.
Without an estate plan, the court will determine who will take care of the child and manage the assets that are left behind.
With an estate plan, parents can choose a guardian for their child and set up a trust to manage any assets left for the child until they reach the age of majority.
Additionally, an estate plan can ensure that the child's needs are met financially by providing for their education, healthcare, and other expenses.
An estate plan is critical for parents with a disabled child because it will ensure that the child's unique needs are considered and that they will be provided for in the event of the parents’ death or incapacity. Without an estate plan, the court determines who will take care of the child, manage the child’s income, and manage the assets that are left behind. With an estate plan, the parents get to choose the guardian and set up a trust to manage the assets left for their child.
An estate plan should provide for the child's special needs by providing for their education, healthcare, and other expenses. A special needs trust should be set up to provide for the child's needs while preserving their eligibility for government benefits. A properly structured special needs trust should ensure that the child's care is provided for without the need for court intervention.
An estate plan is the way to make sure that a disabled child is taken care of by the people the parents trust and that the child's unique needs are met financially.
An estate plan is particularly important if you own real property in multiple states because it can help ensure that your assets are distributed according to your wishes and that any issues related to probate are handled efficiently.
Probate is the legal process of transferring assets from a deceased person to their beneficiaries. Each state has its own probate laws and procedures, so if you own property in multiple states, your assets may have to go through probate in each state. This can be time-consuming and costly. An estate plan can help minimize the probate process and make it more efficient by providing clear instructions on how your assets should be distributed.
An estate plan can also help ensure that your real property is managed and distributed according to your wishes, even if you become incapacitated or unable to manage your assets yourself. It can also provide for the appointment of a person who will manage your assets if you're unable to do so.
Owning real property in multiple states significantly complicates the probate process, but an estate plan can help navigate and reduce these complexities to ensure that your assets are distributed according to your wishes and in a cost-efficient manner.
Why choose The Preston Law firm?
Our attorneys have years of experience in estate planning and have the knowledge and skills necessary to guide you through the process.
We understand that each client has unique needs and goals. That’s why we work closely with you to develop a customized estate plan that meets your needs.
Our estate planning services include the preparation of wills, trusts, powers of attorney, and living wills, as well as assistance with probate and estate administration.
We understand that estate planning can be a sensitive and personal matter. That’s why we strive to provide personalized attention and care to each of our clients.
We understand that estate planning can be costly, which is why we offer competitive pricing for our services, so you can rest assured that you’re getting the best value for your money.