Wills & Trusts Attorneys: Helping You Plan For Your Future
- Complete Estate Plan
- Avoid Probate Proceedings
- Minimize Your Estate Tax Exposure
- Protect and Distribute Your Assets
- Married/Domestic Partner Plans
Estate planning is not only for the wealthy. Ever changing and complicated tax laws can unexpectedly deplete your estate significantly. Probate procedures can cost your estate thousands of dollars. A well-drafted estate plan can minimize these potential liabilities.
Included in an Atlantis Law estate plan are appropriate documents to allow your attorney in fact to execute documents when you are incapacitated and an Advance Health Care Directive that will assure that your wishes will be adhered to, and that your selected representative will be making the choices that you are unable to.
All Atlantis Law estate plans are tailored to your personal needs and requests, taking into consideration current tax and probate law. And, you when your situation or plans may change, or the government enacts different legislation, Atlantis Law is there to amend your documents to meet and comply with the new circumstances.
Probate is the legal process of administering the estate of a deceased person. The process is often complex and includes resolving all claims against the deceased (paying off debts) and distributing the deceased´s property under a valid will to the correct beneficiaries. Additionally, you may need to prove the validity of the will to the court, identify and inventory the deceased´s property, and conduct a property appraisal. Think of the probate process as a guide that directs the orderly transfer of your estate according to the rules. Probate makes sure that your property is distributed the way you want and to who you want. Probate administration is a court-supervised process and may become very time consuming and expensive for you. You may be grieving and dealing with probate may be the last thing you want to deal with, so let Atlantis Law help you. Atlantis Law will represent you during probate administration to ensure that you get the property that was intended for you. We will keep you updated with all proceedings so that you know exactly what is going on and what property you should receive.
The estate tax is a tax on the transfer of property to others, generally from a decedent to their loved ones. Often, the decedent´s estate may have to pay estate taxes (federal and state) before property may be transferred and distributed. The estate tax is based on the value of the decedent´s “gross estate,” which is the value of all the property the decedent has at the time of death. An estate tax form must be filed before distributing of the estate can take place. Atlantis Law will prepare the estate tax form for you, so you can proceed with distribution of the decedent´s property. Dealing with the taxes is the last thing you want to do after a loved one´s death-let Atlantis Law do it for you.