Estate Planning Basics
Estate planning is a process used to plan for the payment of your final debts, as well as the distribution of your remaining property after death. You can also use your estate plan to establish guardianship for minor children and/or to accomplish other related goals.
MS LAW carefully crafts your personalized Estate Plan based on your needs and goals, taking into consideration asset protection techniques, tax laws, disability and more. Your Estate Plan will allow you to avoid costly and timely Probate . Your finances will also NOT become a public record when you chose to create an Estate Plan.
Our Services
Our firm will begin the estate planning process by taking time to learn about your individual needs and goals. Next, we will help you decide on the best strategy to accomplish these goals. Depending on your situation, we may construct an estate plan using:
- A living will
- A last will and testament
- Trusts
- Powers of attorney
As Life goes on, things change, and we make sure your estate plan changes with it. Whether it’s a personal change or a legal change, MS LAW periodically checks in on your life events to ensure your trust/will is still up to date.
Trust Administration
Losing a loved one is a very challenging time emotionally . With the added process with dealing with estate administration can be overwhelming . There are numerous statutory notifications that must be promptly mailed out, along with income tax reporting requirements, property tax issues and more. With the help of MS LAW, you can rest assured that we will help your trustee navigate the trust administration to ensure each step is properly carried out and your wishes are honored.
