Planning for the Future of Your Estate and Beneficiaries
Whether you are planning for the financial future of your children or loved ones, or needing to establish a living will or trust for a family member, Beverly estate planning attorney Jay S. Rudolph, Attorney at Law, can help determine the best course of action in preserving your assets and property. He can help you determine important wishes and intentions with your assets by fashioning a plan that allows you to address important factors such as health care, guardianship and matters regarding your business transactions. Two major goals of an estate plan is to preserve the maximum amount of wealth possible for the intended beneficiaries and to provide ease and flexibility in the handling one's affairs prior to and after death or incapacity.
Typically, a basic plan will include a will, durable power of attorney, health care proxy, HIPAA release form and advance directive which is sometimes called a living will. Depending on one's assets, family and estate tax situation, the plan might also include revocable or irrevocable trusts, emergency guardianship designations, homestead declaration, life insurance trusts or pet trusts.
Throughout the process of drafting an estate plan, additional professionals such as a financial planner, CPA and life insurance agent may become necessary resources in the handling of your assets.
Proper estate planning protects your assets against the risks of tax and probate and can help prevent your assets from going to the government and unintended beneficiaries. If you don't plan your estate the state will plan it for you.
Greater Boston Trusts Attorney
Trusts are legal documents that are drawn by a truster that dictate beneficiary rights in property or assets. The beneficiaries are known as trustees and are legally entitled to receive the benefits of the trust, as determined by the truster. Most trusts are drawn in combination with a will, power of attorney or other form of estate plan. Due to the complex regulations that are involved with drafting a trust, it is necessary to hire legal representation in order to ensure that the interests and intentions of the truster are accurately reflected in the trust. With his knowledge and experience with estate planning, Jay S. Rudolph, Attorney at Law, is able to provide helpful guidance throughout the legal procedure.
Contact a Lawyer Located in Greater Boston Today
If you are seeking legal representation or would like more information about the services provided, contact his office today to set up a free consultation. You can reach Jay S. Rudolph, Attorney at Law, toll free at 888-326-8875 or by contacting him online.