Estate planning is not just for the wealthy or elderly — new parents, business owners, recent college graduates and more can benefit from having a personalized estate plan in place. At Berman & Asbel, LLP, our attorneys realize the importance of planning for the future to protect against the unexpected.
Protect your assets and show your family how much you care by developing an estate plan today. Our firm offers initial consultations and can be reached online or by calling 484-842-0276.
Tailoring Your Estate Plan to Your Unique Needs
You deserve to work with an attorney who will work closely with you to truly understand your circumstances, goals and expectations. By creating an estate plan that is specifically tailored to your particular needs, you can feel confident that you are well-prepared for the future. We will discuss the transfer of assets to beneficiaries, whether you want to leave money for a charitable contribution, whether you can benefit from estate tax planning and much more.
Types of Wills and Other Estate Planning Tools
There are a variety of wills and trusts available to plan your estate, including:
- Simple wills
- Pour-over wills
- Living wills
- Durable powers of attorney
- Living trusts
- Testamentary trusts
- Irrevocable and revocable trusts and wills
These different kinds of wills and trusts can be used in specific ways to maximize the proceeds of your estate, and to better benefit your estate's beneficiaries.
For example, if you have young children, it is crucial to designate their guardian. If you do not, the state will. You can also make your choice for guardian of your children immediately effective with 60 days to obtain a permanent court order by signing a Designation of Standby Guardian document.
Further, you can ensure any money you leave to a child is used appropriately by establishing a trust, which can set aside money for education, housing and other items at your discretion. Such a trust must be created as part of your will before your death. It will not only ensure your children are taken care of after you are gone, but will also prevent excessive taxation on what you leave to your children.
Contact Us Now for an Initial Estate Planning Consultation
Estate planning is an ongoing process — it requires attention when your family's circumstances and needs change. We, at the law firm of Berman & Asbel, LLP, will listen to you and then use our knowledge, skill and any tools available to create an effective estate plan that best serves your family's needs.
We invite you to learn more about our estate planning services during an initial consultation with one of our experienced lawyers. Please schedule yours today: call 484-842-0276 or contact our firm online.