Estate Planning Attorney

Estate Planning Attorney East Greenwich, RI

Life can change at a moment’s notice, and without an estate plan in place, your loved ones could be impacted significantly. An estate plan is essential in ensuring that you can decide what happens to your assets when you pass on.

Estate planning is not only for the wealthy. Every person has an estate, no matter how small or large it may be. Estate planning attorneys are dedicated to helping you create the ideal plan for your estate and while keeping your specific family needs in mind. Estate Planning is not “one size fits all,” and it is important to choose an Estate Planning Attorney that will tailor your plan to your needs, no matter how large or small. Look to an estate planning lawyer in East Greenwich RI to ensure you and your loved ones are well taken care of moving forward.

Preparing for the unexpected protects both you and your loved ones. An estate plan is the best kind of security you can provide your family. If you don’t create an Estate Plan, you are likely leaving your loved ones to navigate the probate court, which can be costly, non-confidential, and typically takes a long time to resolve.

Another benefit to creating an Estate Plan is that there is potential to limit or eliminate any conflict between beneficiaries of your estate. There are options that an Estate Planning Attorney can use to ensure that when you pass away, it is unlikely that any individual will argue about what is and is not their inheritance. This can calm family strife at an already difficult time.

However, if you fail to create a plan for your assets, you will have no control over what happens to your assets upon your passing. With no plan in place, the probate court and state laws will dictate what happens to your belongings, property, and valuables – those assets could end up in the wrong hands. With the help of an estate planning lawyer, you can designate the heirs who’ll receive your property. You hold the reins by creating a specific plan according to your wishes.

Don’t Let the Government Decide Your Affairs

In other words, if you don’t put an estate plan in place, you are letting the government decide your affairs after you’ve passed away. An estate plan is as critical before death as it is after it. Preparing a written plan to express your wishes if you’re incapacitated, and your wishes after death is a crucial action you’ll take that affects your family directly. Your trust and/or will control who receives your assets once you pass on.

In addition, if you are unable to make medical decisions for yourself late in life, creating a trust and the appropriate power of attorney documents can ensure your assets are under control and that someone you name can make your medical decisions. You can surely see how having an estate plan in place simplifies and organizes your affairs. To get your estate plan set up, contact us to schedule a discovery call at McCarthy Law, LLC and schedule a time to talk to a RI estate planning lawyer.

Services our Estate Planning Lawyers Offer 

Our qualified estate planning lawyers offer a variety of services and can help
you from the creation as well as implementing your desires after you pass
away. Services we provide include:

• Helping you create your will or trust
• Designating your beneficiaries
• Finding solutions for reducing your estate taxes when possible
• Helping you avoid the probate process
• Protecting assets for your heirs

What to Consider Before Designating A Fiduciary 

A fiduciary is typically an individual who is specifically named to serve in an important role throughout Estate Planning documents and act within your best interest. A few common types of fiduciaries in Estate Planning documents are the Trustees, Executors, and Powers of Attorney. It is common for someone in a fiduciary role (Trustee, Executor, or Power of Attorney), to be handling financial affairs and making important health care decisions for you at the end of your lifetime. Because of this, it is important to nominate individuals into these roles who are trustworthy, responsible, and will surely act within your best interest.

Other Important Things to Consider

In addition to designating what happens to your assets, if you are unable to make an estate plan with the appropriate additional directives, it can cause a delay in making important financial or medical decisions at the end of your life when you are unable to make them yourself. Having the appropriate
documents in place that name someone to make your medical decisions can be crucial at the end of your life and even in an unexpected emergency. You can surely see how having an estate plan in place simplifies and organizes your affairs. To get your estate plan set up, contact us to schedule a discovery call at McCarthy Law, LLC and schedule a time to talk to a RI estate planning lawyer.

How Much Does an Estate Planning Lawyer Cost?

The total cost of an estate planning lawyer in Rhode Island can vary and may depend upon the size and complications with your estate.

Contact us today at McCarthy Law, LLC, for a discovery call and see how one of our experienced estate planning lawyer in East Greenwich, RI can help.