ALL >> Legal >> View Article
Boston Estate Planning Is The Right Way To Avoid Probate
Boston estate planning is an important legal process that helps estate owners or testators build a decent estate portfolio.
Boston estate planning is an important legal process that helps estate owners or testators build a decent estate portfolio. There are several disadvantages of not having a well drafted will, but there are many advantages and benefits to estate planning. Estate planning can result in a substantial reduction of tax on the estate and also its value. It also helps prevent unintended disbursements of estate wealth and assets to beneficiaries that you wish to avoid. Careful planning with the help of a specialized estate planning lawyer will mitigate any unnecessary taxes. Unplanned estates go into probate and the distribution of wealth is judged by the court.
The goal of a Boston estate planning service will be to make sure that all the testators or the owners financial wishes are met upon their death rather than decided by a court. An attorney will help plan the estate through several legal entities. These include trusts, wills, power of attorney, health care and many more. This is an important ...
... part of the process because it helps the beneficiaries of the will to attain the assets rather than the estate going into probate and awaiting the judgment of the court. To begin planning, finding an attorney who is an expert in this is a must.
The first step involved in Boston estate planning is getting all the related documents in order. An estate might have several parties attached to it. Its important to have the information related to bank accounts, insurance plans, inventory lists to household items and debts in order before meeting the lawyer. In case there are any more documents required the lawyer will ask for it. There is no limit to the information that needs to be provided to the lawyer. The more the information, the more it will help the lawyer plan better. However there are a couple of aspects that a testator or the owner must know before hiring a service.
Some Boston estate planning services can charge a huge sum of money. Its better to find out the cost of the estate planning before opting for it. Reducing tax on the estate is important. This is the information which only your Boston will lawyer can provide. This is to make sure that there is no issue with transferring your assets to your beneficiaries after your death. The will lawyer can also provide important information on how often the will needs to be updated. Once you have all this information you can ask your lawyer to begin planning your estate.
People often have certain objects that they wish to leave to the people mentioned in their will. These can be objects of sentimental value. Drafting a will with the help of a Boston trust lawyer should help with such kinds of asset allocations. Avoiding an estate going into probate is one of the main intentions of estate planning. The probate process can be very hurtful to your family as the judge gets to decide how the wealth is distributed as per his discernment. In some cases your family might benefit but theres no guarantee that your family will end up with something.
Resource: http://squillace-law.com
Add Comment
Legal Articles
1. Safeguard Your Child's Future With Top Legal Representation In DelhiAuthor: Nidhi Rajoura
2. How To Choose The Best Fingerprinting Agency In Edmonton
Author: Hardik Shah
3. Best Corporate Lawyers In Delhi: Navigating Business Success With Expert Legal Guidance
Author: Advocate Rahul Bhardwaj
4. Key Considerations In Uk Commercial Transactions: Legal Perspectives For Business Owners
Author: Rainer Hughes
5. How An Ri Divorce Lawyer Can Simplify Your Separation Process
Author: Law Office of John R. Grasso
6. How To Handle A Slip And Fall Case In Minnesota: A Comprehensive Guide Of Hiring A Lawyer
Author: sussmanlaw
7. Uk Spouse Visa Processing Time: Updated
Author: The SmartMove2UK
8. How A Minnesota Dog Bite Accident Attorney Can Help You Seek Justice
Author: sussmanlaw
9. Legal Remedies For Cyber Crime In India – Advocate Deepak
Author: Advocate Deepak
10. Legal Remedies For Cyber Crime: Advocate Deepak's Expertise
Author: Advocate Deepak
11. Mitigating Consequences For First-time Offenders: Defense Lawyers On Keeping Records Clean
Author: glennrroderman
12. The Benefits Of Hiring A Collective Bargaining Attorney In Nyc
Author: indexblogger
13. Interview Waiver For Us Visa Renewal - Everything You Need To Know
Author: Hardik Shah
14. Dui Lawyer Dinwidde Va
Author: Dui Lawyer Dinwidde VA
15. The Evolution Of Content Marketing For Law Firms: Trends And Innovations
Author: jamewilliams