The Wallis Law Firm offers estate planning expertise to help clients make wise decisions throughout their life with respect to the ownership and transfer of assets. There is a great deal of misunderstanding about how estate planning works and what issues should be addressed. You need an experienced attorney to avoid the countless pitfalls and to advise you on the course best suited for your situation and your goals.
At Wallis Law Firm, P.A., we advise families on how to arrange their assets and then prepare the documents necessary to achieve those goals efficiently and effectively.
To begin your estate plan, download our questionnaire below. This will help you identify your questions and the issues you should address immediately.
What is Estate Planning?
Estate planning is the process of arranging your finances and begins with a discussion of goals and a review of your assets. It includes the use of trusts, powers of attorney, and advance directives for handling your affairs if you become ill or incapacitated. It attempts to avoid or limit the need for the court proceedings known as probate.
- Probate is the Court process of carrying out the instructions in your will for assets that pass under your will. It is public, slow, and expensive.
- You need to consider each asset and its unique characteristics. Many assets could and should bypass probate if planned for appropriately.
- Your goals, and therefore your plans will change as your circumstances change. You should reexamine your plans every year or two to make sure they remain current. Your children deserve the protection of legal planning.
- An estate plan can help ensure that your loved ones are properly provided for if you become sick or die.
- It can make sure that your health care is managed in the way you choose.