Creating the right estate plan protects your family from unnecessary financial and emotional distress, and ensures your assets are protected and passed on according to your wishes. No matter your net worth, it is of paramount importance to have a basic estate plan in place. An estate plan has several elements, including a Will, a general power of attorney and a health care power of attorney. We advise clients to have a trust in place to distribute assets to their heirs without the cost and delay of going through the complex probate process. There are a number of tools at the client’s disposal, and as experienced estate planning lawyers, we endeavor to help you arrive at the estate planning solutions that best suit your needs, including:
While the process of establishing an estate plan can seem very complex, we help to make it simple for you. The goals of a carefully drafted estate plan include avoidance of a costly probate process and ensures a smooth transfer of property to your intended beneficiaries. Much of estate planning deals with tracking assets and understanding complex financial information and processing this information to protect your estate and prevent your loved ones from facing uncertainty.
Special Needs Trusts allow c person to set aside funds tor the care and comfort of a child or adult who is mentally disabled, while still maintaining eligibility for Medicaid and other public benefits. Special Needs Trusts can be self settled, third party trusts, pooled trusts or income trusts. The rules relating to management and administration of Special Needs Trusts are complex and a single misstep could result in eliminating a beneficiary’s eligibility for government benefits. The attorneys at Chanderraj Law Offices have years of experience in Medicaid, public health benefits and trust creation in all forms, and can find solutions to enhance the quality of life for a person with special needs.