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Estate Law, Wills, Trusts, Administration
The future is never certain, proper planning can anticipate obstacles, avoid challenges and ensure that the legacy you plan for your family and others is respected.
Hire an Estate Planning Attorney
With proper planning, individuals and families can easily prevent expensive and contentious probate proceedings after the death of a loved one. Peck & Associates helps our clients with wills, trusts, powers of attorneys, estate taxes, estate administration and other important documents to transfer assets and implement our clients’ wishes seamlessly.
If you are considering hiring an estate planning attorney, contact Lyle A. Peck today.
Why do you need a will?
A will is an important legal document that outlines your wishes for the distribution of your property and assets after you pass away. Here are a few reasons why you might need a will:
- To ensure that your property and assets are distributed according to your wishes: Without a will, the state will determine how your property is distributed, which may not align with your desires. By creating a will, you can specify exactly who you want to receive your property and assets, and in what proportions.
- To appoint a guardian for your minor children: If you have minor children, a will allows you to designate a guardian to care for them in the event of your death. This can provide peace of mind that your children will be taken care of by someone you trust.
- In probate: Probate is the legal process of settling an estate, including distributing property and paying debts. Having a will can help to streamline this process and minimize the potential for disputes among your heirs.
- To protect your loved ones: A will can provide financial security for your loved ones after you pass away. It can ensure that your spouse and children are taken care of, and can also provide for any other individuals or organizations that you wish to support.
- To make your wishes known: Without a will, it can be difficult for your loved ones to know your preferences for things like funeral arrangements, organ donation, and other end-of-life decisions. A will allows you to make your wishes known and ensure that they are carried out.
Creating a will is an important step in ensuring that your property and assets are distributed according to your wishes, and that your loved ones are taken care of after you pass away. It can provide peace of mind and protect your family from potential legal disputes. If you need assistance with your Estate Planning, call Peck and Associates today.
Why establish a trust?
A trust is a legal entity that holds assets on behalf of one or more beneficiaries. There are several reasons why someone might choose to set up a trust, including:
- To manage and protect assets: A trust can be used to manage assets, such as property or investments, and to ensure they are used for the benefit of the beneficiaries. It can also protect assets from creditors or lawsuits.
- To provide for loved ones: A trust can be used to provide for family members, such as children or a spouse, in the event of the trust creator’s death or incapacity.
- To minimize taxes: A trust can be used to minimize taxes on assets by distributing them to beneficiaries in a tax-efficient manner.
- To provide anonymity: A trust can be used to hold assets anonymously, providing a level of privacy and confidentiality.
- To achieve philanthropic goals: A trust can be used to donate assets to charitable causes in a tax-efficient way.
It’s important to consider your own personal and financial circumstances and talk with a legal professional or financial advisor to determine if setting up a trust is the right decision for you.
Hiring a trust attorney can be an important step in setting up a trust. A trust attorney is a legal professional who specializes in creating and managing trusts. They can help you understand the different types of trusts available and choose the one that best fits your needs. They can also assist with the drafting of trust documents and ensure that the trust is properly funded and administered.
Additionally, a trust attorney can advise on tax implications and any other legal issues that may arise. It’s important to choose a trust attorney who is experienced and knowledgeable in the area of trust and estate law. It can be helpful to ask for referrals or check their qualifications before making a final decision.
Lyle A. Peck, trust attorney, has over three decades of experience and legal knowledge regarding all aspects of trusts and estate law.
Our Estate Planning Services
- Drafting of wills
- Trust establishment
- Powers of attorney
- Healthcare powers of attorney
- Asset protection
- Estate planning and administration
- Estate taxes and law
- Lady Bird Deeds
- Cottage Law
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