“Estate Planning” is planning for your personal, medical and financial affairs in the event of your disability or death. With good planning, rather than the law or the courts managing your affairs, disposing of your assets, or appointing someone to take care of you, careful estate planning allows you to plan for those contingencies and specify who will make those decisions for you, limitations and scope of what decisions can be made, and what happens to your minor children, assets and affairs when death or disability happens. We advise and consult with clients between the ages of 18 to 118 years on their estate planning needs.
REAL ESTATE AND OTHER ASSETS
Numerous laws govern what you can do with your assets, whether real estate (land and land interests) or personal property type assets. Buying selling, renting, borrowing against, and other activities involving land and assets, involving numerous restrictions, legal opportunities, and potential structures.
LEGAL ADVICE AND COUNSELING
Not sure whether you need a lawyer, have a problem, or how to approach a problem you know you have? Nowadays the “counselor at law” part of the practice of law has been neglected in favor of chasing big money accident victims and the like. We want to be a lawyer you can talk to about identifying and resolving concerns you might have. Ask us if we can help you? Perhaps we can’t help you (we don’t handle criminal law, divorce law, and the like) but maybe we can give you some guidance on whether you need a lawyer and what you could consider doing next.
Trusts (along with different types of business entities), of which there are many types, is one tool used in estate planning, and can even be fashioned to allow easy succession of Class III firearms licenses and accessories.
“Probate” is the post-death handling of a deceased person’s assets and liabilities, and causing the deceased person’s directions and post-death wishes and
directions to be enforced, as well as preparing the necessary legal documents, financial, tax and legal reporting necessary or helpful following a person’s death.
Limited and general partnerships, corporations, limited liability companies, professional associations, and other types of personal or business entities can also be effective estate planning tools and can also be effective ways to set up your business activities, save you taxes, avoid personal liability to you, and even allow fractured ownership among heirs while still maintaining unified control of those business and the assets they own.