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When you lose a loved one, you want to know that his or her estate will be handled respectfully and in a manner in which your family member requested. Estate Planning and Asset Protection involves the careful use of Wills, Trusts, Durable Powers of Attorney, Health Care Surrogate Designations, and Living Wills.
Certain aspects of Estate Planning protect you while living, while other aspects protect you, as well as your family members, upon dying. Proper Estate Planning can accomplish a number of things, such as providing for the care of minor children in the event of an unforeseen disability or death, protect and transfer assets and valuables to loved ones upon dying, and avoid or mitigate estate taxes.
Having a will, along with other essential documents, can lend a great deal of peace of mind to individuals. Everyone’s situation is different, which is something we understand at the Law Offices of Dana Bowie, P.A. Therefore, we will tailor an Estate Plan that’s just right for you.
Probate Law is the legal process in which the assets of a deceased person are passed to his or her heirs. Sometimes, probate is necessary even if there is a Will. Often, assets needing probate may include bank accounts, real estate, IRA’s, as well as other retirement plans, and life insurance policies. Some types of Estate Planning may avoid probate.
We so often hear that hard work is the path to achieving the American dream. But retaining as much of our earnings as possible for our family can be a challenge. An estate planning attorney can help you to ensure that your assets are protected from creditors.