Share Your Legacy Confidently With Estate Planning

Estate planning is the process of preparing for the management and distribution of your assets and wealth after your death. When done properly, it can help ensure that your wishes are carried out and that your loved ones are taken care of.

At Employment Law Professionals in Sherwood, we understand that many people think about doing an estate plan, but far too many folks wait until a crisis to get started. Our attorneys have legal experience in a broad spectrum of areas and know how owning a small business or other situations can impact planning how you distribute your estate. Our goal is to take care of your interests at work and at home, and we discuss each step of the process with you so you’ll make fully informed decisions.

Must-Have Elements In An Estate Plan

Your estate plan is just like your estate – it’s unique to you. Cookie-cutter online plans rarely ensure you have addressed all the potential challenges to passing on your assets after you die.

At Employment Law Professionals, our attorneys customize your estate plan. Not all estate plans need the same components, but most need the following to provide protection and peace of mind:

• Wills: A will is a legal document that outlines how you want your assets to be distributed after your death. It can also name guardians for minor children, specify funeral arrangements and name an executor to carry out your wishes.
• Trusts: A trust is a legal arrangement that allows you to transfer assets to a trustee who manages them on behalf of your beneficiaries. There are many types of trusts, each with its own benefits and drawbacks.
• Advance Directives: An advance directive is a legal document that outlines your wishes for medical treatment if you are unable to communicate them yourself.

Estate planning can be complex, but it is an important part of preparing for the future. By creating a will, establishing trusts and making advance directives, you can rest easier about unpredictable future events, because you have laid out your intentions for your estate ahead of time.

Probate And The Role Of Estate Planning

Probate is the legal process of settling an estate after someone dies. It involves identifying and valuing assets, paying debts and taxes, and distributing the remaining assets to heirs and beneficiaries.

Probate can be time-consuming and expensive. However, some assets, such as those held in a trust, can avoid probate altogether. Our attorneys can explain methods for simplifying or avoiding probate when you sit down with us to create your estate plan.

Call Today To Schedule An Appointment

Our attorneys can provide frank, accurate advice when planning your estate and preparing to deal with health issues with later life. To learn how we can help, call our office in Sherwood at +1-971-213-8975 today. You can also fill out our contact form.