A well-drafted estate planaccomplishes more than simply dictating who receives your assets at your death. It includes provisions for guardians of your minor children, nominees for healthcare and financial decision makers in the event of your incapacity, and minimizes administrative costs and court interaction. Most people underestimate the complexity of their estate, and their need for an estate plan.
Your estate plan should be holistic,ensuring titling and beneficiary designation coordination,maximizing asset protection, avoiding unnecessary probate costs, and protecting familial relationships.
Abrahams Law aims to provide aclear and actionable estate planthat ensures your peace of mind, while removing the burden of difficult decision-making and administration from your loved ones.
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
(Warren Buffett)
Probate
Upon a decedent’s passing, a court-supervised probate may be required toensure the decedent’s assets are properly distributed to loved ones.
The grief of losing a loved one is extreme and unpredictable. Abrahams Law offers compassionate, client-focused guidance from start to finish with the intention of unburdening clients from a potentially unfamiliar and sometimes intimidating legal process. In turn, this allows you tofocus on your healing and your family.
If a decedent funded a trust with assets during his or her lifetime, a private administration of the trust may be required at the decedent’s death.
Abrahams Law will represent the named trustee and assist with carrying out the terms of the trust carefully and accurately, while ensuringtransparent communication with beneficiaries.
When minors receive monies outright (by inheritance or settlement, for example), a court-supervised guardianship may be required.
These guardianships require court proceedings and annual reporting to the court regarding the minor’s assets.
Abrahams Law willensure you have the tools and support to manage your minor loved one’s assetsproperly, and your timely compliance with all required reporting to the court.