When should I update my will?
Margaret M. Mahon, Esq., LLC provides diligent representation for individuals, families, corporate and individual trustees, executors and administrators. We are ready to advise you on litigation prevention, dispute settlement, and asset protection. We focus on your goals to help you create an individualized estate plan while protecting your best interests.
Creating comprehensive estate plans to meet your needs
A comprehensive estate plan can provide protection for you while you are alive and for your family, once you are gone. We draft each estate plan to meet the needs and goals of your unique circumstances. If you fail to plan for the future of your estate, decisions regarding your legacy are made pursuant to the laws of intestacy, as well as the inheritance and estate tax laws. Our firm can assist you with the following estate planning documents and procedures:
- Wills: A will sets forth how your estate is to be distributed after you die. In most cases, a will must go through the probate process, but it puts the decisions in your hands instead of leaving them for the courts to decide.
- Probate: The probate process may be complicated, and there are certain important responsibilities that the personal representative (executor) must fulfill. If you have been appointed to administer a loved one’s estate, it is important to seek guidance and advice from an experienced probate attorney.
- Trusts: There are several different types of trusts. We will assess your situation’s specific needs so you can make an informed decision. A trust can play an important role in asset preservation and save your beneficiaries time and money. Establishing a trust provides significant tax benefits.
- Powers of attorney and advance healthcare directives: A power of attorney and an advance healthcare directive provide protection in the event you experience a serious medical problem and are unable to handle your personal and business affairs, and state your medical preferences. These documents give another person the legal authority to make binding decisions on your behalf while you are incapacitated.
Meet with a proficient estate planning lawyer to discuss protecting your family and assets
Having effective and knowledgeable legal support when making such significant legal decisions is important. Whether you need help creating an estate plan, modifying an existing plan or administering an estate, our firm can guide you through every step of the process, even if your situation is complex. Contact Margaret M. Mahon, Esq. LLC to schedule an initial consultation.
