Providing for your family and making sure your assets go exactly where you want them are major concerns for most people. The primary ways to do this are through wills, trusts, and estate planning. It is critical that you understand the differences between each of these, and exactly what you’ll need to do to safeguard your finances, property, and most importantly, your family’s future. It is crucial to have clear and well drafted legal documents to make sure that your wishes are honored. You need an attorney who will work with you to make sure both your family and all that you’ve worked hard for is protected after you’re gone.
Wills & Trusts
Even though both these terms are often used together, they are different. A will only goes into effect after you’ve passed away, while a trust will take effect right after it has been signed and funded. There are also different types of trusts, including revocable, irrevocable, and testamentary trusts. Knowing which type is right for you is crucial. If you need to form or change a current will or trust, we can assist you. Attorney Edward Paul can help you navigate the process of creating a will or trust that best suits your personal needs.
Estate Planning can encompass more than leaving a will or a trust. Your estate is your net worth at any given point in your life. Everything from a home and cars to life insurance policies, retirement assets, and even debt are all part of your estate. Planning your estate with the guidance of an experienced lawyer can protect your loved ones from paying an excessive amount of taxes after your passing. Various aspects of estate planning can include financial or healthcare powers of attorney, advance directives, and guardianships. Edward Paul can guide you through the complicated aspects of estate planning so you can have peace of mind.
Preparing for the Future
It is crucial to make sure there are no misunderstandings or disputes after you are gone. Edward Paul can guide you through the process of preparing a will and making sure any trusts are properly executed. To schedule a confidential initial consultation, contact us online or call our firm at 856-435-6565. Our office hours are Monday through Thursday from 8:00 a.m. – 8:00 p.m., Friday from 8:00 a.m. – 5:00 p.m., and Saturday from 9:00 a.m. – 2:00 p.m. Please call ahead for appointments after 5:00 p.m. and on weekends.