Read below to learn more about Estate Planning and what all is part of an estate plan or visit https://www.getelderlaw.com/what-you-need-to-know/estate-planning-with-an-elder-law-attorney
What’s an Estate Plan?
An estate plan is a set of decisions you make to control how your property and assets are to be managed and distributed if you become incapacitated or pass away. If you own a home or have savings, you want to ensure that your valuable assets are received by your heirs and beneficiaries without paying unnecessary taxes or legal expenses and without experiencing inconvenient delays.
What’s Included in an Estate Plan?
Every estate plan is customized to the needs of the individual client. One estate plan might consist only of a Will and a Trust into which the person’s assets will be transferred for distribution to their chosen beneficiaries over time. Other estate plans may include documents designating a person to make healthcare decisions for someone if they become incapable of making those decisions independently. another may include main
Elder law attorneys specialize in advising clients what legal tools and instruments will best achieve the client’s goals based on their individual circumstances, the nature and amount of their property, their family’s needs, and the best means of reducing or eliminating any tax liability.