What is Probate and Why Is It Important?
Probate is a legal process that takes place after someone dies. It involves validating a deceased person’s will, paying off any outstanding debts and taxes, and distributing assets to heirs…
As we grow older, we often wonder how we can ensure that our accumulated wealth and assets are distributed according to our wishes. It is essential to have proper estate planning and trust arrangements in place to achieve this goal. It is recommended to seek legal advice from an experienced attorney to make informed decisions for the future of your family.
Tailored Estate Planning and Trust Administration Services
At The Law Offices of Lawrence Israeloff, PLLC, we provide tailored estate planning and trust administration services. These include:
- preparing wills and trusts
- customized solutions that protect accumulated wealth
- tax-oriented planning for gifts and the disposition of assets at death
Personalized Approach to Estate Planning
We understand that each client’s situation is personal and unique. By determining the client’s objectives in light of current laws and court decisions, the attorneys at The Law Offices of Lawrence Israeloff, PLLC create estate plans that meet our clients’ expectations, and achieve immediate and long-term tax savings.
Importance of Regularly Reviewing Your Estate Plan
We recommend that you revisit your will every time you experience a major life event, such as marriage, the birth of a child or other significant milestones. Even if there is no meaningful change in your life, it’s smart to review the document every couple of years to ensure it still addresses all your estate concerns and reflects your wishes. Changes in the value of your investments—such as a stock portfolio or real estate—may also require adjustments in your estate plans.
Reviewing your will may raise questions about various areas of your financial life, including your estate planning or other financial concerns. Be sure to turn to The Law Offices of Lawrence Israeloff, PLLC for the perspective and advice you need to make the best choices.
Additional Legal Services Offered
Apart from estate planning and trust administration services, The Law Offices of Lawrence Israeloff, PLLC also provides additional legal services. These services include:
- Business entity formation
- Partnership agreements
- Limited Liability Company operating agreements
- Stockholder agreements
- Buy-sell agreements
- Purchase and sale agreements
- Quarterly estimated tax payment calculations
- Future tax projections
