Wills and Trusts FAQs
When one dies without a will, the state determines how assets will be distributed based on enforceable debts. The probate process can take significant time and cause a delay in your family and loved ones receiving access to assets.
We are less concerned about the age of our clients rather than their circumstances. If you have significant assets it’s a good time to develop your will to ensure that those assets are distributed according to your wishes and optimally protected from taxation in case of your death. In addition, if you have a family, you may want to set up your will in order to avoid probate and minimize the amount of time it takes for your family to have access to your assets. Young families, especially, are often dependent upon the income of the parents, and in cases of unexpected death, need access to fund to pay expenses.
Your attorney brings with him the experiences of many, many clients before you. He will be able to help you evaluate what’s important to you and determine how to properly protect your assets. In addition, your attorney will be able to help you anticipate situations and contingencies that a book or program may not consider.
Wills should be updated when your experience life changes that could directly affect it. Events such as changes in state law, financial earnings, marital status, parental status or health changes could warrant changes to your estate documents. We recommend that you examine your will every few years to ensure that you are still satisfied with its contents.
A trust is a legal document that specifies how you want specific assets to be managed and distributed to your beneficiaries. It also communicates which individual or institution is responsible for carrying out your final wishes regarding the assets specified in the trust. A trust typically does not replace a will, rather is part of your overall estate plan.
Business Law FAQs
Attorneys are able to provide services to ease the burden and confusion of starting a business regardless of its size. For example, your attorney can help you determine how to legally organize your business, develop partnership agreements, submit trademark registrations, review lease or property/building contracts, etc.
It’s the responsibility of your attorney to help protect you and your business throughout day-to-day operations. From dealing with employee contracts and discrepancies to protecting your intellectual property, consult your attorney to understand the implications of state and federal employment, asset protection and taxation laws on your business.
No. For a contract to be legally binding it requires an agreement and consideration between two parties. However, an attorney can ensure that the contract limits liability and protects your interests.
An attorney can guide you through the business transaction. It is important to ensure the proper legal precautions are taken to make the sale of ownership legally binding and contractually sound.
Estate Law FAQs
Your attorney’s role in estate planning is to lead you through a process of protecting your estate and assets. It is the attorney’s goal to make sure your assets are safe guarded as well as medical and financial wishes upheld.
Your estate is made up of all the assets you possess at the time of your death. This may include real estate, business interest, cash, life insurance death benefits, retirement plans, investments and any personal property.
Probate is the legal process that recognizes a will and appoints the executor or representative who will distribute an estate to the intended beneficiaries.
A well-designed estate plan protects valued assets, reduces unnecessary taxes and expenses, ensures delivery of the proper assets to the intended beneficiaries, manages your assets in event of incapacitation or death and protects your privacy.
Real Estate Law FAQs
Your attorney can guide you through real estate transactions to help protect your investment and ensure a binding agreement. In addition, your attorney can draft detailed transactional documents that will help home buyers submit an appropriate offer or counteroffer to complete the sale.
An experienced real estate attorney can help review inspections and transactional agreements that will benefit you as a buyer and protect your interest.