Estate Planning Attorneys in Salisbury
Helping Our Clients Build Better Futures for Their Families
People often imagine an estate plan in terms of a will that determines who gets what after you pass on. While this can be true for smaller, simpler estates, it can be a missed opportunity to not take advantage of other aspects of estate planning that look after your long-term care, tax planning measures, and more.
At Hearne & Bailey, P.A., we can help you achieve what you need to get done with your estate plan. Even if you don’t know where to start, we can guide you through the process so you will know all of the options available to you. Your input informs our advice, which means that we’ll carefully listen to what you want to accomplish and respond with options and services that can support your goals.
If you are someone who is currently dealing with matters concerning what a loved one left behind, we offer representation to help executors through the estate administration process. We can also provide estate litigation services if you need to initiate or respond to legal action concerning a loved one’s estate.
Don’t Pass on Without a Plan
Dying without an estate plan, even a simple will, can be problematic for your loved ones. Your estate will be deemed intestate, and laws governing such estates will determine who your legal heirs are and what their inheritance will be. It can also be a time-consuming and costly experience for those you leave behind and can add to the heartache and grief they may already be feeling.
Needless to say, this is not an ideal scenario if you have any wealth or property you wish to pass on to your relatives or friends. A comprehensive estate plan prepared by our estate planning lawyers in Salisbury can help you account for the details of how you want the artifacts of your life to be divided.
We can help you build or amend pieces of your estate plan, such as:
- A will
- Powers of attorney
- Revocable living trust
- Advanced directives for medical care
- Long-term care plans
- Retirement planning
Key Considerations for Building Your Estate Plan
Several key considerations every estate plan should account for include:
- What happens after I retire?
- How will I afford a nursing home?
- What kind of end-of-life medical care do I want?
- Who do I want to inherit my estate, and how much?
- Who will I grant guardianship over my children?
- Who will I trust with my surviving pets?
- Do I want to donate some of my wealth to charity?
Tax Planning Considerations
Most successful estate planning strategies include means of minimizing your estate’s exposure to income, estate, gift, and generation-skipping taxes. Reducing your estate’s tax liability means your loved ones can benefit from as much of your wealth as possible when you pass on.
Our estate planning attorneys in Salisbury can explain the potential impacts certain taxes may have on your estate and advise you of your options for mitigating these circumstances.
At Hearne & Bailey, P.A., we can help you build an estate plan of any size or level of complexity. Our representation means you will get a personalized approach where we’ll invest time in finding out what’s important to you and providing options that can meet your goals.
When you’re ready to discover everything we can do for you, reach out to us online and request a consultation.