Estate Planning Lawyers Londonderry NH
An estate plan is a comprehensive plan for managing your finances and property if you become incapacitated or die. It typically includes a will, trusts, power of attorney, healthcare directive, and financial power of attorney.
The primary reason for having an estate plan is to ensure that your wishes are carried out in the event of your death or incapacitation. With an estate plan, you can specify who will receive your assets, how your debts will be paid, who will make financial and health care decisions on your behalf, and who will take care of your children.
An estate plan can also help you minimize taxes, court costs, and other expenses by allowing you to take advantage of tax laws and probate procedures. An estate plan can give you peace of mind knowing that you have taken steps to protect yourself and your loved ones.
If you die without an estate plan, state laws will determine how your assets are distributed and who decides on your behalf. This may not be in line with your wishes, which is why it’s important to have an estate plan in place. Attorneys Cohen & Winters, PLLC are estate planning lawyers serving Londonderry NH and can help you create a customized estate plan that meets your specific needs and goals. Contact us today to schedule a consultation.
What Are the Different Types of Estate Planning Documents
There are numerous estate planning documents that can protect your assets and your loved ones. A will is perhaps the most well-known type of estate planning document. A will allows you to specify how you would like your property distributed after your death. You can also use a will to name a guardian for young children.
Another type of estate planning document is a trust. A trust can help you manage property during your lifetime, and it can also determine how that property will be distributed after your death. Trusts can be revocable or irrevocable, depending on your needs. In addition, there are also several other estate planning documents that can be used, such as power of attorney forms and advance directives.
These documents can help you plan for incapacitation or make decisions about end-of-life care. Estate planning is an important process, and there are several options available to ensure that your wishes are carried out.
How Can a Lawyer Help You with Your Estate Plan in Londonderry, NH
A lawyer can help you with your estate plan in several ways. First, a lawyer can help you determine what type of estate planning you need. For example, if you have a large estate, you may need to set up a trust. Second, a lawyer can help you choose the beneficiaries for your assets.
This is an important decision, as your beneficiaries will receive your assets when you die. Third, a lawyer can help you draft your will. This document will specify how you want your assets to be distributed after your death. Finally, a lawyer can help you review your estate plan periodically to ensure that it remains up to date.
This is especially important if you experience any major life changes, such as getting married or having children. By working with a lawyer on your estate plan, you can ensure that your assets are distributed according to your wishes.
Now that you understand the basics of estate planning and the different documents involved, you may wonder if you need an estate plan. An estate plan is important for everyone, regardless of how much money or assets you have. If you have questions about whether you need an estate plan, or what type of documents would be best for your situation, contact a lawyer today. Cohen & Winters, PLLC are estate planning lawyers in Londonderry, New Hampshire and can help answer your questions and create a custom estate plan that meets your needs. Contact Us Today at 603-224-6999.