Rhode Island Probate Lawyer
Benefits of Estate Planning
No matter the size of your assets, detailed estate planning will ensure that your loved ones are looked after according to your desires. Having an established plan will allow your family to properly mourn without the added stress of property division. Careful planning, using a revocable trust or an irrevocable trust can minimize or eliminate costly probate and reduce hefty estate taxes.
Contact the Law Office of Steven J. Hirsch at 401-287-2079 to schedule your estate planning consultation. We will actively listen to your needs and work to support them with the best possible options.
The Planning Process
Estate planning is not necessarily complicated. You'll choose an executor to administer you estate. We discuss, in detail, your thoughts and concerns about leaving your estate to your heirs and others.
At our initial meeting, you will be asked to describe and document your current assets and debts. We will talk about your wishes regarding your financial and material possessions should you meet an untimely death.
After our attorney has worked with you to establish a plan, we complete the necessary paperwork to put "your plan" into place.
Establishing Wills and Trusts
In a small-sized estate you may not have a significant amount of financial assets to disburse upon death. In writing a Last Will, you may be more focused on distributing material goods and determining who will bring up your children if you are not alive. As the parent of minor children, you can designate the right person to protect your loved ones while teaching them the morals and ethics you believe in.
For larger estates, the focus may be ensuring your financial assets are passed on to whom you want at proper times. By developing trusts, you are able to determine the amounts disbursed as well as establish frequency.
Powers of Attorney
Last Wills and Trusts aid you in planning for your latter years and death. Establishing a durable power of attorney and a healthcare power of attorney allows you to plan for a time when you may be unable to make decisions for yourself. By designating a trusted love one to make important choice for your business and medical matters, you ensure you wishes are followed.
Contact us by e-mail or by phone at 401-287-2079 for more information or to schedule an appointment.