Estate Planning & Probate Administration
A well-crafted estate plan may help avoid lengthy and expensive probate disputes, preserve family wealth, minimize tax consequences, and expressly define your wishes as to your end of life care and the distribution of your assets. Our Connecticut estate planning attorneys offer a comprehensive range of strategies to assist people of all means. In addition to preparing individualized estate plans, assist fiduciaries in fulfilling their responsibilities when they are probating a decedent’s estate. We also represent beneficiaries of an estate, as well as those who may have claims against a decedent’s estate. We have substantial experience serving as and representing Conservators. Based in Trumbull, Fairfield, and Norwalk, we also can assist people who need a real estate attorney or guidance in personal injury, family law, business, and other legal matters.Exploring Your Estate Planning Options
A will is a legal instrument created by a person that sets forth what that person wants to do with their property and assets. Without a valid will, what happens with a person’s estate is determined by State Statute which could be contrary to that person’s wishes. A will is therefore an effective way for a person to control the disposition of their Estate but there are many factors which come into play including jointly held property, trust property and retirement accounts which normally pass to the named beneficiary or co-owner. It is often important to consider the manner in which your assets are held and how that can impact your intent concerning the distribution of your estate.
There are several types of trusts that may be used in the estate planning process, depending on your individual needs. A trust can be created by an individual during their lifetime to manage some or all of their assets. The terms of a trust are carried out by the trustees, who hold legal title to the trust property for the benefit of the trust beneficiaries. A revocable trust may be changed or terminated, an irrevocable trust is not subject to revision or revocation. An experienced trust and estates attorney can provide specific information regarding revocable trusts, irrevocable trusts, life insurance trusts, special needs trusts, marital deduction trusts, and other instruments that may be appropriate for you.Probate Administration Services
Probate refers to the court-supervised process of administering and distributing the probate assets to the beneficiaries or heirs of a deceased person. In Connecticut, the process begins by filing an application in probate court with the death certificate and a will, if a will exists. The court will then appoint an executor, or administrator who will inventory the assets of the decedent, pay expenses and creditor claims, file any necessary estate tax returns, and provide to the probate court approval of the final accounting the assets of the Estate will be distributed to the beneficiaries by the executor or administrator. A probate attorney can assist in the proceedings by providing legal advice to the fiduciary, preparing and filing legal documents, and enlisting the services of accountants and financial analysts if needed. That attorney can also defend against challenges to the will or proposed distribution.Consult a Knowledgeable Estate Planning Attorney in Connecticut
At Owens, Schine & Nicola, we recognize that it is important for us to understand your long-term goals in creating an estate plan. Our Connecticut estate planning lawyers provide sophisticated legal advice to help clients answer difficult questions, and we can handle any complex issues that may arise. Based in Trumbull, Fairfield, and Norwalk, we also can represent people who need a family law attorney or assistance in real estate, personal injury, business law, litigation, or other legal matters. You can call Owens, Schine & Nicola at (203) 375-0600 or contact us online to set up your appointment.