We wish you all the best for this upcoming 2014 year hope that as each day passes you find many blessings each day. There are inevitably tough times that face all of us when we lose loved ones. That process can be daunting depending on whether there was a will or trust in place or if there was no will or trust at all.
If a person dies without a will or trust their turned to have died intestate. where the person has a will they are deemed to have died testate meaning they have a valid “Last Will and Testament.” The probate process involves the courts determining of the legal ownership of property along with the assignment and supervision of the duties of execution of the executor and his work. Where there is no valid will, the Court will execute probate according to the individual states law. Having a valid last will and testament does not enable you to escape the probate process. This is where our attorney’s involvement is the most valuable to the estate.
Here at the law firm of Piet & Wright we are prepared to help you with any probate, wills, or trust needs you may have. The probate process can be daunting and confusing and we are here to help and guide you through the process with the goal of saving all assets that can be preserved. Should you need assistance please call us at 702-566-1212 or toll-free at 866-373-0012 and speak to one of our caring attorneys that are prepared to help you. As a matter of first importance we would ask that you compile list of the assets and liabilities of the estate prior to calling us and then called to speak with us in detail about your situation.
We know this process can be difficult and emotional and we are prepared to help you through all of the ups and downs that you will face.
Forbes magazine had an article recently concerning estate planning in your 50s. For many reasons estate planning in your 50s becomes easier as your children are grown and big debt such as saving for college and mortgages make less of a dent in your total financial picture. It is likely that your target retirement age is in sight and you have a much larger grasp on the fact that the next 15 to 20 years will go by very quickly. There are five keys to estate planning.
The five things that are key to your estate planning and financial fitness in your 50s are first making a break with your children financially. Instead of financially coddling your children you should be putting your affairs in order to make sure that the most of your personal wealth transfers can really to your posterity. Come by our offices at 777 N. Rainbow suite 390 to lay out a plan that best accomplishes this goal. Second avoid major new debt that would impact your savings ability between now and your retirement age. Third consider long-term care insurance to protect the wealth you plan to transfer to your posterity and to lift the burden off of them that they may not be prepared for. Fourth take advantage of catch-up provisions in the IRS code that allows much larger contributions to your IRAs Roth IRAs and health savings accounts. Call our offices at 702-566-1212 or 866-373-0012 to make an appointment with one of our estate planning attorneys. Finally, make good investments for your years to come. From the age of 50 there’s a good chance that your live 20 or more years and making the right moves now can dictate success or failure of your retirement planning estate planning and financial planning goals.