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Creating an estate plan is an essential part of planning for the future to ensure your hard-earned assets are distributed exactly how you want, and your dependents are taken care of. Rodwell Law can help with your estate planning needs, including:
Please reach us at derek@rodwelllaw.com if you cannot find an answer to your question.
Writing a will is a crucial legal document that outlines your wishes regarding the distribution of your assets and the care of your dependents after your death. Here are several reasons why you should consider writing a will:
It's important to consult with legal professionals when drafting a will to ensure that it complies with local laws and accurately reflects your intentions. Additionally, it's advisable to review and update your will periodically, especially after significant life events such as marriage, the birth of children, or the acquisition of new assets.
A trust is a legal arrangement that allows a person (the "settlor" or "grantor") to transfer assets to a separate legal entity (the "trust") to be managed by a third party (the "trustee") for the benefit of one or more individuals or organizations (the "beneficiaries"). Trusts are versatile estate planning tools that can serve various purposes, and they offer several benefits. Here are some key benefits of a trust:
1. Asset Management and Protection:
2. Probate Avoidance:
3. Privacy:
4. Estate Tax Planning:
5. Control Over Distribution:
6. Providing for Minor Children:
7. Special Needs Planning:
8. Family Wealth Preservation:
9. Business Succession Planning:
It's important to note that there are various types of trusts, each serving different purposes, and the specific benefits will depend on the goals and circumstances of the settlor. Consulting with legal and financial professionals is recommended when considering the establishment of a trust to ensure that it aligns with your specific needs and objectives.
Rodwell Law offers competitive pricing for legal services, and provides transparent billing to clients. Fees and payment arrangements are discussed and agreed upon before any work is done.
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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