Estate Planning Law

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Establishing an estate plan is one of the most important steps that you can take to protect yourself and your loved ones. Estate planning is the process of creating a legally definite plan for managing your wealth while you are alive. Without a sound estate plan in place, your assets will go through probate, a legal process where the court oversees the distribution of assets in order to settle an estate. As a result, your assets may be wasted on unnecessary taxes and other liabilities without an estate plan. 

Wills and trusts are just tools in the larger process of estate planning. Many mistakenly believe that trusts are only for the wealthy. Unlike wills, trusts can fulfill many legal and financial objectives, such as, minimizing estate taxes, avoiding probate, and setting aside assets for designated beneficiaries.  Since a living trust is not subject to probate, all its provisions will remain private. 

A trust could be revocable, which allows for you to make changes, or irrevocable, which cannot be modified or terminated without the permission of the beneficiary. A living trust will be used as the mechanism to manage your property before and after your death. After the grantor’s death, the trustee has certain administrative tasks to handle: preparing tax returns, distributing assets to beneficiates, providing all legally required notices, and allocating assets to sub-trusts. 

At Tenina Law, we recognize that every situation is different and can help you establish an estate plan that protects your assets and you’re loved ones from the uncertainty of the future. We guide our clients through the entire trust administration process. Each Estate Plan is individually tailored to satisfy the specific needs, goals, and challenges of our clients. We provide a complete estate plan that includes a revocable living trust, durable power of attorney, advance health care directive, trust certification, and a pour-over will. We strive to provide the highest level of service reducing hassles during difficult times.