We help ensure your family and legacy are protected
At JLG, our attorneys assist you in creating an estate plan that protects you and your assets while you are alive, and takes care of you and/or your loved ones in the event you are disabled or die. Our attorneys take the time to fully understand your needs and wishes so that we formulate a cost-effective estate plan that allows you to live and die in peace. JLG is experienced in all aspects of estate planning including asset protection, retirement planning, wealth preservation, charitable giving and business planning.
Distribution of Assets
Estate planning is a plan constituted for an individual’s distribution of assets. It is the process by which an individual or family arranges the transfer of assets in anticipation of death. This process includes the accumulation, conservation, and distribution of an estate. An estate, the total property that is owned by an individual before it is allocated through a will or trust, pertains to both real and personal property. Real property refers to land of a permanent fixture, alongside all rights and profits obtained from or attached to the land. In contrast, personal property encompasses temporary or moveable things such as cars, household items, and bank accounts. Aiming to preserve the maximum amount of wealth possible for the intended beneficiaries, estate planning allocates the real and personal property to the individual’s heirs.
Estate Planning: Wills Versus Trusts
Wills and trusts are common ways in which individuals distribute their wealth. Trusts, unlike wills, have the benefit of avoiding lengthy and costly legal processes that oversee the transfer of assets. However you choose to organize your affairs, what’s most important is that you create a clear, easily accessible system that will light the way for your family and friends. Call us for a free consultation so that we may make this an easy process for you.