Estate Planning and Probate

Proper estate planning is crucial to ensure your assets are given to the people you choose. Proper planning can also help minimize income, gift and estate taxes. Without a proper Estate Plan, the courts will decide what will happen to your assets and the custody of any minor children.

 

Why you need an Attorney for Estate Planning

 

An estate plan normally includes several elements, each serving a specific purpose. It is essential that a qualified legal professional with fiduciary expertise and experience develop the plan.

 

Assistance we provide for Estate Planning

 

• Will: Outlines how assets should be distributed after death and designates individuals or entities to serve as a guardian, executor, or trustee.

• Trusts: Trusts can be created during your lifetime. Trusts are commonly used to control assets. Assets often can avoid probate through the use of trust.

• Durable Power of Attorney: This allows an individual you designate to act on your behalf.

• Living Will: Communicates your wishes concerning medical treatments.

• Health Care Proxy: Appoints a proxy to make health care decisions when you are no longer able.

• Life Insurance: Often used to provide cash flow to offset estate taxes or provide immediate financial support.

 

At Encinas & Associates we work with you to help identify Trust Solutions that align with your priorities and wishes.