An estate plan usually includes a combination of different methods to effectively transfer all of your assets to your intended beneficiaries. Our experience in finance has let us develop a keen eye for creativity to determine the appropriate asset protection tools. Yuabov Law Group PLLC offers strategic guidance in this vital task of creating an estate plan that will give you confidence and peace of mind.
Wills are instruments of instruction used to pass on your property and assets to your chosen heirs and beneficiaries. Without a will, your estate will be subject to division according to “intestacy” laws, frequently known as the probate process, and the ancillary probate process if you own assets or property out of your home state.
Trusts are legal entities in which you place your assets under the control of a trustee (this could be you as grantor, initially) whose job is to hold, manage, and eventually distribute them according to your instructions. Trusts can be revocable or irrevocable, and used in conjunction with a pass-through will as not all assets are eligible to be held in a trust.
YLG offers estate plans that range from something as simple as a basic will that coordinates the distribution of your assets to a more advanced plan that protects your privacy, reduces tax burdens, determines the when and where of your wealth distribution, and shield your legacy. Contact us today for a free consultation to better understand your options.
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