A Lawyer For Your Needs In Estate Planning
The estate planning experts at Li & Chan Law Firm give individuals and married couples useful insights, including advanced estate planning approaches aimed at minimizing the effects of estate or inheritance taxes. Our team of estate planning professionals also provides guidance to clients about the selection of guardians and trustees for their beneficiaries. We are available to provide assistance in formulating a comprehensive financial strategy that effectively circumvents the probate process, secures your assets, mitigates potential family conflicts, and minimizes the financial burden associated with legal proceedings.
Typical Estate Planning Documents
Our legal professionals prepare a comprehensive collection of legal documents tailored to specifically cater to your individual requirements and anticipated outcomes. In addition to providing guidance on co-ownership property rights, our business also offers advice on transfer-on-death accounts and beneficiary selection.
This agreement serves the purpose of designating a someone, referred to as a “executor,” who possesses legal authority to oversee the transfer of your property in accordance with your specified objectives. The executor is responsible for the administration and closure of your estate.
This agreement serves the purpose of designating a someone, referred to as a “executor,” who possesses legal authority to oversee the transfer of your property in accordance with your specified objectives. The executor is responsible for the administration and closure of your estate.
The establishment of a durable power of attorney entails the assignment of responsibility and the delineation of guidelines in the event of incapacitation. It empowers an individual selected by the individual in question to assume responsibility for making financial and medical decisions on their behalf.
Our legal professionals will provide assistance in safeguarding your medical and health-related data. A document that adheres to the standards set forth by the Health Insurance Portability and Accountability Act (HIPAA) serves as a guiding resource for both family members and healthcare providers in making informed medical decisions on an individual’s behalf.
Business succession planning helps owners of family-owned or closely held businesses protect the business and assets in the event of their incapacitation or death. It is a series of logistical and financial decisions.
Our legal representatives will ensure the seamless transfer of your assets to the individuals or entities specified as beneficiaries in the relevant contracts or accounts. These assets encompass life insurance policies, Individual Retirement Accounts (IRAs), and 401(k) plans.
Why Our Estate Planning Attorneys
The estate planning attorneys at our firm possess significant expertise and are committed to delivering personalized guidance regarding the most suitable estate plan for you and your family, taking into account your distinct circumstances and objectives. Our team is committed to rigorously ensuring that your estate plans are in strict adherence to state rules and fully compliant with the current legislation at both the state and federal levels. Our primary objective is to prepare all the requisite paperwork and, of utmost significance, to guarantee the efficient execution of your desires, so circumventing potential difficulties and superfluous costs.