DELAWARE ESTATE PLANNING ATTORNEY
OFFICES IN DOVER, SEAFORD & LEWES
If you care about your love ones and their security, you should consider estate planning
There was a time when Estate Planning meant simply having a Will. The term now includes Wills, Powers of Attorney, (Economic and Medical), Living Wills (Advance Directives) and Trusts, often with medicaid or medicare issues.
Wills, Trusts & Estates
Estate Planning is just not for the wealthy.
Living Trusts are used in estate planning a lot more than they were 20 years ago, so we would be pleased to discuss the advantages and disadvantages of such trusts with you and help you make an informed decision about whether or not to create a trust.
We also handle estate administration by representing the person whom you have designated as your executor, executrix or trustee. This can involve legal and tax issues, so the attorney may work with a CPA.
Luckily for Delaware residents, we no longer have an inheritance tax nor an estate tax, leaving the IRS as the tax threat to large estates.
You may have heard how expensive the probate process can be. This is one reason for the surge in use of Living Trusts, which help you to avoid probate.
A Living Trust functions in a way very similar to a Will, because it describes your plan for distribution of your assets in the event of your death. While you are still alive, you are in charge of your living trust and can change it at any time.
Please call me for an appointment to discuss your estate planning options or to help with Estate Administration.
Please provide a brief description of your case and your contact information and our office will contact you as quickly as possible to discuss your case and to schedule you to talk to one of our attorney’s at the earliest possible time.