Estate PlanningWhile it may be a difficult issue to address, estate planning is an important step you can take to protect the interests of your family. A well prepared estate plan will help you ensure your wishes are carried out and your loved ones are taken care of once you're gone. If you pass away without a plan in place, your family members may be left to sort out the mess in court.
Wills and Trusts
At Rubenstein & Pitts, we understand that your life savings and other assets are a reflection of your hard work and careful planning. It is important to make sure that your final property and health care wishes are equally well-thought-out. It’s comforting to know that your loved ones will be provided for in your absence.
Our attorneys help our clients prepare wills, trusts and other documents that allow them to give their assets to whom they want, how they want, while minimizing the costs of administration. It is important that you fully understand what your estate plan can accomplish. We are dedicated to working closely with our clients to inform of our approach to creating estate plans and handling estate administration.
We take the time learn about your life circumstances and discuss your objectives for creating an estate plan. Once we have a good sense of your goals, we explain everything that can be accomplished with the various estate planning tools available to you.
Wills primarily function to leave instructions on how to distribute your property after death and appoint the executor who will carry out these wishes. A properly structured will can save your heirs significant amounts of money in legal fees.
Trusts are separate legal entities, managed by a trustee, that hold assets for you or for the benefit of others and stipulates how these assets should be managed and distributed. Trustees have legal responsibility for managing and overseeing the trust’s proceeds in accordance with your wishes. Trusts are especially useful in estate planning to avoid estate tax and provide for heirs with special needs, such as adult children who have difficulty managing money or who are coping with drug addiction or psychological problems.