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Effective estate planning protects your interests, ensures your wishes are respected, and makes things easier for the loved ones you leave behind. Because the system is complex, many who haven’t started planning yet often have a variety of questions. Can I help lower the tax burden on my family? Can I specify my funeral arrangements? Having an estate law attorney answer these questions can give you and your loved ones valuable peace of mind.

4 Common Estate Law Questions Answered

What Is a Durable Power of Attorney?

If you’re unable to make decisions for yourself, your family members or business partners may not have the legal authority to act on your behalf. A durable power of attorney, which only becomes effective when you’re incapacitated, gives them the power they need to manage your finances, make medical decisions, or do anything else required to manage your affairs.

What Is a Living Trust?

estate lawA trust is a separate legal entity that can take possession of your property and transfer it to your heirs upon your death. These vehicles offer a variety of advantages, including tax benefits, bypassing probate, and putting conditions on the inheritance of your assets.

Why Do I Need a Will?

A will is a legally enforceable document that guarantees your wishes will be respected. Without it, your property will be distributed according to your state’s intestacy laws, which could result in some of your most valuable assets going to family members with whom you don’t have strong relationships.

Do I Need a Lawyer?

An attorney with estate law experience can evaluate your needs and recommend the best approach for your situation. Based on their unique understanding of the law, they’ll be able to anticipate issues and help you avoid common mistakes that could leave gaps in your estate plan.

 

The estate law attorneys at James T. Kratovil Law Offices have over 30 years’ experience serving clients throughout Charles Town, WV, striving to make high-quality legal counsel available to everyone. To schedule a consultation and discuss your needs with a skilled professional today, visit their website or call (304) 728-7718.

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