Anyone who owns any anything has an estate.
An Estate may include the person's home and its contents, car, bank accounts, investments, life insurance policies, and retirement accounts.
There are a number of estate planning tools that can be utilized to minimize the expense of settling an estate. These planning techniques may include tax saving strategies, trusts, gift giving while the Testator is still alive. In addition, an estate plan should include a Will, which will control distribution of any assets that are not covered by other planning strategies.
A Will is a legal document the specifies how your estate will be handled after your death. It allows the Testator (the person making the Will) to ensure that his or her property passes to the persons you desire to inherit and to appoint a person the Testator trusts to handle the estate distribution. That person is called the Executor.
In order for a Will to be legally valid, it must be prepared and executed in strict compliance with state law. It is highly recommended that a Will be prepared by and excited under the supervision of an attorney.
No matter how old or young you are, it is never too late or too early to start planning for an orderly distribution of your assets. Many of our clients feel a sense of satisfaction and relief from knowing that after their deaths their property will be distributed to their intended heirs according to their wishes.
Emily never forgets that her clients are people with unique emotions and values. Law Office of Emily Ann Klotz PLLC keeps you involved and personally guides you in making important decisions about your estate plan, calmly and effectively. She explains every small detail so that you are in charge.