Estate Planning
At Allen, Allen & Caroselli Ltd., we work with you as a team. We take the time to sit down and get a comprehensive picture of your financial and personal circumstances. You tell us your goals, and we advise you of the law. Together, we construct a plan that best fits your needs.
The Tools of Estate Planning
These are some common legal instruments that we employ to accomplish your estate planning goals:
Family Living Trusts and Marital Trusts
Many of our clients have chosen to set up family living trusts. Family trusts address what should happen if you and/or your spouse die.
The trust is set up in advance to receive the estate assets, which would then be used by your chosen trustee to provide for your children's or other loved ones' needs in the way that you choose. If you fund your trust during your lifetimes with your assets it acts as a vehicle to avoid a potential costly probate court proceeding, and for married couples it may also provide substantial estate tax savings.
Experience and Knowledge Are Key
It takes years of study and practice to master the intricacies of estate planning law. We at Allen, Allen & Caroselli, Ltd., have the knowledge and experience to prepare estate plans that will meet your particular needs.
We invite you to contact us, so that we can discuss these matters in the context of your personal circumstances.
The Tools of Estate Planning
These are some common legal instruments that we employ to accomplish your estate planning goals:
- Trusts: Used to avoid probate proceedings, minimize estate taxes, and accommodate numerous situations.
- Wills: These are legally binding documents that tell the probate judge how your assets are to be distributed.
- Durable power of attorney: You name a loved one as your agent to act in your absence or incapacity regarding all financial matters.
- Advance health care directives: You state your wishes regarding medical treatment, and name an agent to see to their fulfillment.
- Titling of assets: You can title assets in your name, or in your trust's name. This gives us flexibility in estate planning.
Family Living Trusts and Marital Trusts
Many of our clients have chosen to set up family living trusts. Family trusts address what should happen if you and/or your spouse die.
The trust is set up in advance to receive the estate assets, which would then be used by your chosen trustee to provide for your children's or other loved ones' needs in the way that you choose. If you fund your trust during your lifetimes with your assets it acts as a vehicle to avoid a potential costly probate court proceeding, and for married couples it may also provide substantial estate tax savings.
Experience and Knowledge Are Key
It takes years of study and practice to master the intricacies of estate planning law. We at Allen, Allen & Caroselli, Ltd., have the knowledge and experience to prepare estate plans that will meet your particular needs.
We invite you to contact us, so that we can discuss these matters in the context of your personal circumstances.