Cohen & Winters, PLLC are estate planning lawyers in Hooksett NH.
Investing time and money in estate planning is one of the best gifts you can give your family. Without a proper plan, the ones you love could be left dealing with unnecessary red tape, court costs and expenses. To avoid this fate, consider enlisting the help of an experienced estate planning attorney.
What is estate planning?
Estate planning is an umbrella term that refers to a variety of tasks. They include the creation of wills, trusts, and powers of attorney. These documents are created by an estate planning lawyer in Hooksett NH. Estate planning aims to distribute a person’s assets or property after their death. It also allows the person to make decisions regarding their health if they become incapacitated.
How does Hooksett NH regard estate planning?
An estate plan is a legal document that serves to make decisions for people who can’t make them on their own behalf. An estate plan can allow people to make decisions about medical treatment in case of incapacitation or mental illness. If someone dies without a will, Hooksett NH will distribute the assets according to its intestacy laws. These laws state that the spouse and children are entitled to the deceased’s assets in equal shares. In some cases, it may be necessary for an individual to contest a will due to undue influence or lack of capacity. In such situations, an experienced probate lawyer can help you during this process. In New Hampshire, a valid will must be signed by the testator (the person making the will) in front of two witnesses who also sign the document.
Benefits of estate planning
Estate planning can shield your assets from taxes, creditors, lawsuits and other unforeseen circumstances. Additionally, it helps increase access to your assets in your lifetime, it helps make sure all essential needs are being fulfilled, and that your final wishes are followed even after your demise. One thing that is almost always forgotten is the fact that you will have peace of mind that comes from knowing your wishes will be honored.
Estate planning allows you to leave written instructions about your care if you become incapacitated, and it lets you decide how your assets will be distributed when you pass on. You get to choose who inherits your possessions, who will take care of the children or pets, and how the trustees will manage your assets. If you care about your family and want to ensure their well-being when you’re gone, estate planning is the way to go.
Conclusively, estate planning can be a complicated process. There are many laws and regulations that must be followed to ensure that your wishes are upheld. If you are starting the estate planning process, it is important to hire an experienced attorney to assist you. Planning ahead ensures that others will carry out your wishes according to the laws in Hooksett NH. It is important to have an estate plan if you own property and want control over what happens to it when you die.
To consult with our estate planning lawyers in Hooksett NH Today, Contact us here to insure your family and property’s future.