TREVOSE ESTATE PLANNING

Trevose Estate Planning Lawyer

Estate planning addresses your legacy, including all the effort you’ve put into providing for your loved ones in the future. Your estate planning helps to ensure that your assets and properties will be distributed according to your wishes when the time comes. The peace of mind from knowing you’ve taken the steps necessary to continue supporting your family in the future is invaluable. One of the most important steps you can take toward this end is working closely with our experienced firm.

The Elements of Your Estate Planning

Your estate planning needs will be unique to you, but the basic elements include your will, which will go through the probate process, any trusts you create, and those financial tools with beneficiaries attached. Probate is the administrative process of distributing your assets according to the specifics of your legally binding will. The process will continue if you have no will per Pennsylvania’s intestacy laws.

Your Last Will and Testament

While having a will is essential, you should know it is subject to the probate process. Trusts and beneficiary-based financial tools, on the other hand, are not. Your will should address any assets that aren’t otherwise accounted for, which means it can serve a catch-all purpose from the point that you last updated your trusts. Further, your will allows you to address the matter of your minor children’s guardianship.

Revocable Living Trusts

When you place assets in a revocable living trust, you retain control over them until the time of your death. At this point, they pass to those you’ve named according to your wishes. You can alter or even void a revocable living trust at any time, but the assets you have in the trust will avoid the probate process and will be distributed according to the terms you’ve set.

Assets with Beneficiaries

Certain assets allow beneficiary designations, which flow directly to their named beneficiaries – bypassing the probate process. Some of the most common examples include the following:

The effort you put into your estate planning now can make a big difference in your family’s future, which makes working closely with a knowledgeable estate planning attorney early on critical.

An Experienced Pennsylvania Estate Planning Attorney Can Help

Your estate plans highlight your commitment to your family and loved ones, and the more attention you pay to the matter now, the better prepared you’ll be to continue living life to the fullest as you move forward. Our resourceful estate planning lawyers proudly serve Trevose, Pennsylvania. We dedicate our practice to helping clients like you support their families’ best interests with confidence. We are here to help, so please don’t wait to reach out and contact us online or call for more information about what we can do for you today.