Estate Planning Committed To Protecting Assets
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, we 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. We assist people statewide who need a real estate attorney or guidance in connection with other legal matters, including family law, wrongful death, business law and other related concerns.
Wills And Trusts That Work As They Should: Exploring 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 that come into play, including jointly held property, trust property and retirement accounts that 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 estate planning lawyer in Connecticut 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.
Elder Law Advocacy
We also advocate for the elderly and their families. We handle a broad range of legal concerns, including Title 19 planning, long-term care planning, guardianship, Social Security, retirement and other important matters.
Get In Touch With A Knowledgeable Estate Planning Attorney
At Owens, Schine, & Nicola, P.C., 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.
We can also 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, P.C., at 203-375-0600 or contact us online to set up your appointment.