EVERYONE SHOULD HAVE A PLAN.
There are three major goals of an estate plan.
1. Ensuring that your property benefits those whom you choose, in the manner you select;
2. Minimizing costs, including taxes, administrative expenses, court costs and fees;
3. Providing for management of your assets during your lifetime if you are disabled or wish to have someone else handle your finances and investments. Your estate plan can also provide for continued management of your assets after your death.
At Liszewski Law Group, we provide superior service and quality. Our goal is to help you fullfill your goals. The most common questions we recive in regards to Estate Planning are:
WHAT IS A WILL?
A will is a document that directs the disposition of assets that are owned by you alone at the time of your death. Property that passes under your will may include real estate, intangible property, such as bank accounts and stocks, and tangible property, such as home furnishings or family heirlooms.
WHAT IS A POWER OF ATTORNEY?
A durable power of attorney authorizes a designated person or persons (usually family members) to act on your behalf in making financial and legal decisions. This document is generally used when authorized or when you are incapacitated.
WHAT HEALTH CARE DOCUMENTS DO I NEED?
Health care documents (known as health care powers of attorney, health care proxies, designations of health care surrogate, or other variations) authorize your agent (usually a family member or friend) to make health care decisions on your behalf when you are unable to make these decisions for yourself either because of a temporary medical setback or an extended illness.
WHAT IS A TRUST?
A trust is an arrangement by which an individual (the settlor or trustor) names another (the trustee) to hold property for the benefit of someone else (the beneficiary). The trust document appoints an individual or corporate trustee to manage the transferred assets, and sets forth the respective interests of the trust beneficiaries. It also states the time and manner of distribution of the trust assets. A trustee must adhere to the provisions set forth in the trust documents.
OTHER ISSUES THAT MAY BE APPLICABLE TO YOU INCLUDE:
Federal and State Taxes
Life Insurance
Gifts
Charitable Gifts
Businesses
CONTACT US
We are here to answer your questions and provide you with legal advice you can count on. We invite you to contact our office to schedule an appointment.
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