Are your affairs in order?
Estate Planning, including Wills, Trusts, and Probate, is important no matter how large an estate, because it relates to planning and preparation for the distribution of assets after death.
The probate process is relatively straight forward because of the importance of ensuring your creditors are paid and that your assets are protected and distributed to the heirs of your choice. Without either a will or trust, your assets pass at death through intestacy which means your property goes first or in major part to a spouse, then to children. and their descendants.
The law is clear on determining what heirs get what percentage of your estate, and how they must prove their eligibility. Determining priority and validity of heirs, specifically in an estate with multiple heirs, can be expensive, thus the importance of estate planning.
Phillips & Andreas, PLLC offers these services, and will gladly work closely with your CPA, if needed, to ensure estate taxes are minimized.
It is never to early to plan for the unknown. Along with wills, trusts, and probate, Phillips & Andreas, PLLC can help you plan for distribution of your estate or handle settlement of a loved one's estate after their passing.