Pennsylvania Estate Planning Attorneys
At Hoegen & Associates, P.C., we know the value of families who care about each other. As someone who may have assets that they wish to pass down to future generations of family, having an estate plan is essential. If you do not have an estate plan prior to death, then you risk your estate being handled by the court system based on state intestacy law. Most people do not want the court to have a say in who gets which assets, so they take the time to establish a legally-binding estate plan. If you have questions about this or would like to get started, contact our Pennsylvania estate planning attorneys today.
What An Estate Planning Attorney Does
Estate planning attorneys help people draft legal documents that are tailored to their unique wishes and circumstances. These documents may entail wills, trusts, power of attorney, advance healthcare directive, and more. One of the key roles that our knowledgeable estate planning attorneys have is providing strategies for safeguarding assets. They help clients implement legal tools such as business entities, trusts, and insurance policies to protect assets from lawsuits, potential creditors, and other threats. By working closely with a legal team, you can trust that the estate planning documents you write are going to be reliable into the future.
How You Can Prepare Now
As you get started devising an estate plan, it helps to have a list of your assets. These can be tangible and intangible items, such as your home, vehicle, retirement accounts, jewelry, artwork, and others. Once you have a list of assets, write a list of beneficiaries for whom you would like to give these assets to. This approach is a great way to see what your assets are and how you want them to be distributed to future generations of your family. Beneficiaries can be loved ones, family, friends, or even charity organizations you care about.
Why You Want To Avoid Probate
Probate can be a prolonged and expensive process in which someone’s assets are reviewed and handled based on state law. We know how important it is to help individuals and families avoid probate. Through the establishment of living trusts and careful planning, assets can be distributed directly to beneficiaries instead of getting caught up in court intervention. Avoiding probate through estate planning not only saves you time but gives you more privacy. Our team can make sure that your affairs are in order and don’t have your assets needlessly put through the probate process.
Hoegen & Associates, P.C.
Creating an estate plan can bring you relief now while also ensuring your assets are distributed how you want them to after you have passed on. Our Pennsylvania estate planning attorneys understand that no one likes to imagine a time when they are not here with those they cherish the most, but to avoid probate and have your family receive their inheritance without delay, having an estate plan is essential. Please consult with our team at Hoegen & Associates, P.C. when you are ready to begin.
