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  • Estate Planning

    Aug 15, 2017
    0
    Estate Planning
    in

    Wills and Trusts

    When it comes to wills and trusts, “do-it-yourself” is not a smart strategy.

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    Yes. A properly created estate plan will drastically help to eliminate uncertainties regarding the administration of your estate, and will preserve the value of your estate by reducing unnecessary estate taxes and other expenses for your heirs. In most cases, a complete estate plan will contain a precise combination of documents that work together to carry out your wishes exactly as you intended. The complexities of estate transfer and elder law should absolutely not be navigated on your own. This is not an area to "do it yourself" and hope for the best. You've worked too hard for your assets to be wasted on expenses that could have been avoided with properly prepared documents -- or worse, have your estate pass through probate unnecessarily.

    FAQ

    Unfortunately, there are countless examples of well-intentioned individuals who did just that, but made errors in their preparation and ended up with an estate that had to spend unneeded time and money in probate. If you care enough about the future of your assets and the ability to take care of family or friends after your passing, you should create these documents once -- and create them right. Wills and trusts are complicated legal documents that should be prepared by an experienced attorney. The peace of mind that comes from knowing your estate plan was done correctly is priceless.

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    Meet Your Attorney

     

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    Michael Avanesian

    Michael Avanesian specializes in the field of corporate restructuring and litigation. Mr. Avanesian has a wide range of experience in Chapter 11 bankruptcy cases and has represented corporate and individual debtors, secured creditors, unsecured creditors, lessors, lessees, trustees and other interested parties in bankruptcy cases and related litigation.

     
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