At the Law Offices of Anthony A. Coletti, we offer a full range of estate planning services to our clients. Planning for the future is imperative to any individual. It’s vital you have your house in order and all your documents drawn up to protect your estate. Some people may think they don’t have an estate, but everybody technically does!
An estate is simply everything you own including your car, home, assets, accounts, investments, and personal possessions. When you pass on you can’t take these items with you so they are left to someone else.
Most people would like the ability to establish how their personal estate items are distributed. Putting the right documents in place will assure you that your wishes are fulfilled and your family is taken care of when you are gone.
Estate planning can include everything from how you want to be cared for if you become sick or disabled, to who should be the guardian of your children.
Estate Planning services include:
Wills A will is the professional and smart way to leave a document that establishes your final wishes. A will is generally read by the court upon your death to assure that its contents are fulfilled. It is often referred to as a Last Will and Testament as well.
Trusts A trust is an agreement and arrangement that allows another party or trustee to hold money or assets on behalf of a beneficiary. Trusts are made in different ways and decide when the assets will pass to beneficiaries.
Power of Attorney Power of Attorney is when an agent or attorney in fact can act and make decisions on the behalf of another individual – usually someone incapacitated or unable to make decision.
Probate Probate. The legal process whereby a person’s estate is settled and his/her property is distributed by a Judge, not pursuant to the person’s will or wishes. Having a will, trust, or other mechanism in place will reduce the likelihood that a Judge will decide who gets your property or who cares for your children after you are gone.
Guardianships A court may appoint a guardian for a child or incompetent adult who is not able to care for himself/herself or handle his/her own finances.