Estate Plans Ensure Your Wishes Are Met
There are a variety of factors to consider before you can decide what kind of estate plan you need. The first option to consider is whether a simple will can serve your needs, or whether you need a will with a testamentary trust or a living trust.
Estate plans are not exclusively for those with substantial assets. If you have loved ones in your life, you should have an estate plan in place. At John J. Pembroke & Associates, LLC, our estate planning lawyers are experienced in creating estate plans for clients ranging from young couples with modest assets to wealthy business owners.
Estate Planning Packages
There are a variety of tools available to meet your estate planning needs. Whether you need to designate someone to inherit your possession or you want to minimize taxes and manage funds, we can advise you on the best strategy to achieve those goals.
Depending on the complexity of your estate planning needs, fees can vary. When you meet with our attorneys and staff, we will provide a detailed estimate of the costs you may expect and the options available to cover your wishes. The fee for single persons is usually about half of these amounts.
Why estate planning?
We Provide More Than Wills And Trusts
It is important to remember that a will can only carry out your wishes after you die. A statutory power of attorney and living will can communicate what you want to happen and who you want to be in charge if you are incapacitated. All of our estate planning packages include the following documents:
- Statutory powers of attorney for health care and property, which enable you to name a trusted person to make decisions for you if you should become incapacitated prior to death.
- A living will, which enables you to communicate to family members and health care providers the medical care you would want if you are unable to communicate your wishes.
We also assist families with a family-owned business with succession planning as well as any estate litigation needs they if there are disputes related to the administration of an estate.
Does Your Existing Estate Plan Still Accomplish Your Objectives?
It is a good idea to review your estate planning documents every five to seven years to see if your plan still makes sense, given changing circumstances. Have you married or divorced? Has your income or business grown substantially? Have you had children? These are common life changes that may signal a need to change a will or trust.