Estate Planning Lawyers
Our experienced lawyers at Thomas and Associates can help you determine the best way to manage your estate, your money, property and belongings both during your lifetime and after your death. This may include creating binding documents to determine who controls your finances and medical plans, or helping ensure the transfer of your assets to family members.
Proper Estate Planning provides you and your family with the peace of mind and security that comes with having a well-executed estate plan for the unknown future including incapacitation or death. While many people associate estate planning with preparation for ones’ passing, the truth is that estate planning may also be incredibly valuable should you become temporarily or permanently incapacitated.
What is Estate Planning?
An estate plan is a collection of documents that specify how you want your assets, money and property distributed, making it easier for your loved ones to handle your affairs during a time of grief.
Estate planning involves planning for how an individual’s assets will be attained, managed, and distributed after death. It also takes into account, the management of an individual’s properties and financial obligations in the event that he or she becomes incapacitated. Assets that could make up an individual’s estate include houses, cars, stocks, life insurance, pensions, and debt. Individuals have various reasons for planning an estate, such as preserving family wealth, providing for surviving spouse and children, funding children and/or grandchildren’s education. The most basic step in estate planning involves writing a will.
Benefits of Estate Planning:
Estate Planning is an intelligent and logical undertaking for pro-active individuals and families of any income bracket and can be put in place with the assistance of a competent and experienced estate planning attorney. At Thomas and Associates, our attorneys will take the time necessary to educate you on these vital matters so that you can make informed and prudent choices. There are countless benefits to taking a couple hours to getting your estate plan underway.
#1 – Reduction of Estate Taxes
Reduction of Estate Taxes because you can transfer your wealth to your heirs. It is shocking to learn that estate taxes, income taxes, and transfer taxes could significantly diminish your estate if not properly dealt with ahead of time. Estate planning can go a long way toward reducing the taxes that may be payable.
#2 – Specify Who Gets Your Stuff
Specify who gets your life’s assets after you are gone with a carefully-crafted Estate Plan. But an estate plan does so much more. An Estate plan allows you to take care of yourself by appointing the right person to handle your affairs and make decisions for you if you become ill or disabled.
Why Choose Thomas & Associates?
The estate planning lawyers at Thomas and Associates are here to help you in a friendly, professional and comfortable way.
Our firm is dedicated to identifying and implementing the estate planning solutions you need. Our attorneys will guide you through the process and complete a custom-tailored estate plan that distributes your assets and protects the needs of your loved ones.