The Importance Of Counsel In Developing Estate Plan
In the past decades, estate planning has changed a great deal. As a result, it is important to get good counsel as you develop your estate plan.
At Stephen K. Snavely Co., L.P.A., we evaluate the whole picture. We evaluate various estate planning tools and use those that are economical and meet your objectives. Are you worried about a family heirloom? Your home? Or maybe you just want to make sure everything ends up relatively fair between siblings. Some of your options include wills and trusts, powers of attorney, advance directives, living wills, special needs trusts, transfer on death accounts and beneficiary designations.
You benefit from our experience. Stephen K. Snavely Is An OSBA Certified Specialist in Estate Planning, Trust and Probate Law which is only awarded once you have demonstrated a great deal of experience and proficiency in a particular area of law.
Common Misconceptions In Estate Planning
Many people are under the impression that you need to have a lot of money or property in order to have an “estate” worthy of an estate plan. That is not true. Even if you don’t have a lot of assets, you can benefit from an estate plan and it doesn’t need to be complicated or expensive.
Many clients come in believing that a trust would benefit them. This is often not the case. There are a number of different types of trusts and each has benefits. However, an experienced lawyer can help you evaluate whether a trust is appropriate and if so, which type of trust you should choose.
The Importance Of Consulting With An Attorney
One of the ways to develop a thorough estate plan is to review your beneficiary designations. We work with clients to analyze insurance policies, 401(k)s, IRAs and other assets to make sure that beneficiary designations align with how you want your property to be dispersed after you pass away.
We can also help you consider issues unique to elder law, discuss the process of probate and estate administration, address the possibility of probate litigation or assist you with real estate transfers and title.