Everyone Should Have An Estate Plan
If you want to establish an estate plan, you will need help creating a customized plan that suits your needs. Your situation is unique; it takes a unique estate plan to ensure that your assets are distributed according to your wishes. Estate plans involve more than just wills. Trusts, health care directives and other essential tools can all come into play in your estate plan.
At Moore, Virgadamo & Lynch, Ltd., we develop a close relationship with each of our clients to ensure that the plan we build for them fulfills their needs and wishes. Our Rhode Island estate planning attorneys have experience with a full range of estate planning tools, enabling us to find a customized, legally sound solution for every situation.
Reducing The Burden On Your Beneficiaries
A good estate plan does more than fulfill your final wishes. It also does everything possible to reduce the legal burden your beneficiaries must face.
In particular, our attorneys can draft your estate plan with an eye toward avoiding probate. Probate is a legal process that governs the distribution of assets. If it is your goal to avoid probate, our attorneys can help you structure your assets so that they avoid probate.
One popular way to avoid probate is to establish a living trust, which can transfer funds from one party to another without entering the probate process.
We can also help your assets avoid the estate tax. State and federal laws dictate that estates larger than a specific size must be subjected to a substantial estate tax. When you work with our law firm, our lawyers will provide legal advice and strategies to protect your beneficiaries from unnecessary taxation, allowing them to receive the maximum possible amount.