Estate Planning - Wills and Trusts
Wills, Trusts, Powers and More
Estate planning is the process of planning for the transfer of everything you own to those persons you want it to go to after you die. Wills and trusts are some of the documents used in estate planning, and it is essential that all means by which assets transfer at death work together to achieve the desired result. That coordination is critical, and it is frequently overlooked. We know that estate planning is new to most people. The language and concepts may all be novel to you, and that is okay. Let us be your guide.
Estate Planning Documents
We offer many document solutions to common estate planning concerns, a few of which are: probate avoidance, asset preservation, legacy planning, estate tax planning, privacy, and charitable giving. Initially, the focus should be on the goal and not on the means (the legal document). Who are you trying to benefit? What are you trying to achieve? When? Why? These questions are often more important than how (the document solution). The document solution could be a revocable (“living”) trust, an irrevocable trust (there are many different types of irrevocable trusts), a will, a transfer on death deed, a beneficiary designation, a combination of some or all of the above, and so on. We can help you identify your goals, which makes determining how to achieve much less complicated. We can help you organize your thoughts and help you put them into motion to achieve your estate planning goals. Get the facts and make an informed decision. At Brennan & Rogers, PLLC, we will take the time necessary to ensure that you make the right choice for you and one that makes economic sense too.
Be proactive and get your affairs in order. Call us to speak with one of our estate planning attorneys today about estate planning in Maine, New Hampshire, and Massachusetts. Clients often mention how relieved they feel once they know that their planning documents are in place and that they have a relationship with an attorney that they, or their loved ones, can depend on in the future.
From the simple will to the complex, we have you covered. Think all wills are the same? For married seniors, nothing could be further from the truth. Why take chances? Schedule an appointment today and become informed so that you can protect your assets and family.
From probate avoidance to estate tax planning, revocable trust, or living trust, are often used.
Trust based planning is more common in some states, like New Hampshire and Massachusetts, than in others, like Maine.
We frequently help clients with irrevocable trusts for medicaid planning and have the tax knowledge to do it right.
Special needs trusts and Irrevocable Life Insurance Trusts are other common irrevocable trusts that we help clients with.
Financial Powers of Attorney (POA)
We wouldn’t drive without a seat belt, nor would we recommend an estate plan without a POA.
You might call it an Advance Health-Care Directive, a Living Will, or a Health-Care Proxy; we
call it essential.
Second marriages are common after the death of a spouse. Protect your assets with a marital
agreement or trust based planning.