Our firm's philosophy is that planning your estate should be a process, not a single event or transaction. We strive to develop a long-term relationship with all of our clients and their families and encourage them to engage in periodic (every 2 - 3 years) reviews of their documents. Our complementary annual review service helps to ensure that your goals and wishes will be honored as they evolve over time.
Given the continuous process of change, your estate plan will not accomplish your goals if it is not properly maintained.
Given the continuous process of change, your estate plan will not accomplish your goals if it is not properly maintained.
Services
While nobody wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Proper estate planning not only puts you in charge of your finances, it can also spare your loved ones of the expense, delay and frustration associated with managing your affairs when you pass away or become disabled.
Many people have preconceived notions about trusts and believe that they are only for high net worth individuals who wish to leave large trust funds to their children. However, this is far from the truth; trusts can be invaluable tools in the estate plans of millions of individuals. Trusts are simply an arrangement in which one party holds property on behalf of another party.
With a designated healthcare section, LegalVault allows you to securely store all of your clients' advance directives for convenient retrieval in the event of an emergency. Many firms upload their clients' living wills, HIPAA authorization documents and anatomical gift forms. Each account holder is given an Emergency Access Wallet Card with basic emergency contact information, allergies and a personalized note.
When someone passes away, his or her property must somehow pass to another person. In the United States, any competent adult has the right to choose the manner in which his or her assets are distributed after his or her passing.
Sadly, many individuals don't engage in formal estate planning because they don't think that they have "a lot of assets" or mistakenly believe that their assets will be automatically shared among their children upon their passing.If you don't make proper legal arrangements for the management of your assets and affairs after your passing, the state's intestacy laws will take over upon your death or incapacity.
Sadly, many individuals don't engage in formal estate planning because they don't think that they have "a lot of assets" or mistakenly believe that their assets will be automatically shared among their children upon their passing.If you don't make proper legal arrangements for the management of your assets and affairs after your passing, the state's intestacy laws will take over upon your death or incapacity.
If I transfer title to real property to my Living Trust can the bank accelerate my mortgage? When a loved one passes away, his or her estate often goes through a court-managed process called probate or estate administration where the assets of the deceased are managed and distributed.
If your loved one owned his or her assets through a properly drafted and funded Living Trust, it is likely that no court-managed administration is necessary, though the successor trustee needs to administer the distribution of the deceased.The length of time needed to complete probate of an estate depends on the size and complexity of the estate as well as the rules and schedule of the local probate court.
If your loved one owned his or her assets through a properly drafted and funded Living Trust, it is likely that no court-managed administration is necessary, though the successor trustee needs to administer the distribution of the deceased.The length of time needed to complete probate of an estate depends on the size and complexity of the estate as well as the rules and schedule of the local probate court.
Reviews
Be the first to review Sullivan Law Office.
Write a Review