Even if you are young and/or don’t have many assets, estate planning is still an important consideration. In fact, estate planning can be beneficial to almost anyone. Meyerson Law offers comprehensive estate planning services, including the creation of wills and trusts, as well as other legal tools.
A will is a document that describes your wishes after death. This document may name a guardian for your minor children, designate an individual to act as the administrator of your estate, and/or describe how you would like to distribute your assets. Your will can be updated as needed throughout your life.
Trusts are legal arrangements that hold property for specific beneficiaries. Creating a trust can help you avoid probate. Some trusts also provide tax benefits. Different types of trusts exist, but we can help you select the trust that works best for you.
Depending on your needs and estate planning goals, you may also use other tools to develop your plan. For example, you may need a power of attorney, which is an arrangement that allows another individual to make important health and/or financial decisions on your behalf if you become incapacitated.
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