Estate Planning Overview
Cherry Hill Estate Planning Attorney
Estate planning refers to the process of preparing and arranging an estate so that it can be disposed of according to the wishes and objectives of its owner when he or she passes away. A thorough and proper estate plan eliminates uncertainties over how the estate is distributed and maximizes the estate's value by lowering its tax liabilities and other expenses. Guardianships, beneficiaries, powers of attorney, and other important designations are covered in estate plans.
If you or someone you love needs assistance in planning their estate in the Cherry Hill, New Jersey area, it is in your best interests to seek the professional legal services of a knowledgeable attorney who is well-versed in all the legal aspects, tools, and documentation of estate planning. For a free initial consultation about your concerns and needs regarding this area of law, contact the Cherry Hill estate planning lawyer at the Law Offices of Tejal V. Patel as soon as possible. Attorney Tejal V. Patel focuses primarily on your needs, providing personalized service with the highest ethical standards at affordable rates.
Estate Planning Tools
Estate planning involves the use of wills, trusts, the naming of beneficiaries, powers of appointment, property ownership, gifts, donations, and powers of attorney, such as durable financial power of attorney and durable medical power of attorney. A power of attorney gives the appointed person the power to make financial or medical decisions when the individual is no longer able to do so. Also included are revocable and irrevocable trusts, trust amendments, and living wills. Living wills delineate instructions for end of life decisions. Estate planning documents may include directions for final arrangements, such as burial or cremation, how to conclude a business, the setting up charitable remainder trusts, and other matters.
It may not be comfortable or easy to contemplate the end of one's life. However, it is always smart to plan ahead so as to avoid unnecessary confusion, delays, or conflicts over how you and your estate will handled in the event of incapacity or death. Cherry Hill estate planning attorney Tejal V. Patel encourages you to consult with her for all your estate planning questions, concerns, and needs.
Need help with estate planning? Contact the Cherry Hill Estate Planning Lawyer at the firm to learn about the many ways your estate can be handled today!