Estate Planning Overview

Estate Law
Asset Protection What is Estate Law? The term "estate" consists of all the property a person owns or controls, whether in his or her sole name, held in a partnership, in a joint ownership arrangement, or through a trust, and all other monies that would be generated on the person's death, such as through life insurance. Contact the nearest Estate Planning Lawyer and obtain a free case evaluation. These laws include the following: (1) real property and things attached to it (houses, buildings, barns, etc.) (2) all personal property (including automobiles, bank accounts, stocks and bonds, mutual funds, stock options, cash, furniture, jewelry, art, collectibles, etc.) (3) all businesses and business interests (sole proprietorships, partnerships, corporations, joint ventures, and the goodwill, inventory, tools and equipment, accounts receivable, and other business property, etc.) (4) powers of appointment (the right to direct who gets someone else's property) (5) life insurance and annuity contracts, pension benefits, IRAs, 403(b)s, etc. (6) all debts and obligations owed to others, and (7) all claims you have against others, such as for the pain and suffering from an auto accident.   More>>
If you are in need of legal help concerning estate planning, contact a lawyer in your area now.

Estate planning is the process by which an individual, or nuclear family with the person's consent and approval, arranges the transfer of assets to heirs or other beneficiaries. The reason for this is to provide the family, or anonymous miscellaneous beneficiaries, with legal rights to the property after the individual has passed away.

Aspects of Estate Planning, include:

• Trusts
• Wills
• Uniform Probate Code
• Gift Tax
• Dynasty Trust
• Joint Tenency

A good Estate Planning lawyer can do more than just manufacture a simple will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure that your wishes regarding which items are allocated and who the main beneficiaries are.

Many trusts are created as an alternative to or in conjunction with a will and other elements of estate planning. State law establishes the framework for determining the validity and limits for both.

An Estate Planner can assist you with organizing your personal and business records such as:

• Brokerage Accounts
• Retirement Plans
• Savings and Checking Accounts
• Insurance Policies
• Business and Partnership Interests
• Debt Personal Property

An Estate Planner can also assist all other possible estate planning law concerns.

If you are in need of an estate planning lawyer with solid experience in wills & estate planning, contact us. Let us help you with your legal concerns.