Whether your estate is large or small, The Law Office of Paul F. D’Emilio, LLC will individualize your estate plan according to your wishes. Our legal team is experienced in probating and the administration of estates and can help save you time and money. We have experience drafting and implementing revocable and irrevocable Trust Agreements, Life Insurance Trusts, and Special Needs Trusts. We regularly prepare Advanced Health Care Directives and Living Wills and Powers of Attorney for our clients.
The probate process serves the essential purpose of ensuring that the deceased’s estate is properly and fairly distributed to his or her creditors, heirs and beneficiaries. But, the probate process can linger on, often tying up estate property for months. Probate may also be expensive, with certain fees being paid out to creditors, reducing the amount left for loved ones. For these reasons, many wish to arrange their estate so that their loved ones do not have to go through probate, and can receive assets from the estate more efficiently.
There are several methods that can be used to avoid the probate process, and to distribute assets immediately at the time of the decedents death, including, but limited to:
- Joint Ownership with Rights of Survivorship;
- Beneficiary Designation; and
- Revocable Living Trusts.
To find out more about these options, and whether they are right for your estate, call us today for a free consultation. We can make the law work for you.