Estate Planning

Estate planning is not just about what you leave behind; it’s about the peace of mind you gain today, knowing that you’ve taken care of tomorrow. Estate planning might not be the first thing on your mind, but it’s a crucial step in securing your future and protecting your loved ones. Our primary goals include educating our clients and avoidance of probate, protection of assets, avoidance and reduction of estate taxes. You have control.

At Loughran & Corbett, our experienced estate planning attorneys are here to guide you through the process—from creating wills and trusts to designating guardians for your minor children and healthcare proxies and Durable Power of Attorneys for yourself or your aging parents. With a carefully crafted estate plan, you can safeguard your assets, minimize taxes, and leave a lasting impact through asset distribution and charitable giving. Estate Planning is more than just paperwork; it is a clear roadmap for ensuring that your legacy endures.

Estate planning offers numerous advantages that go beyond just distributing your assets.

1. Ensures Your Wishes Are Honored: Estate planning allows you to specify how you want your assets to be distributed after you’re gone. This means you can ensure that your possessions, finances, and personal wishes are handled according to your preferences, providing peace of mind for you and your family.
2. Minimizes Legal and Tax Complications: A comprehensive estate plan can help reduce the potential for legal disputes and minimize estate taxes. By planning ahead, you can streamline the process and avoid costly delays and complications, preserving more of your estate for your beneficiaries.
3. Protects Your Loved Ones: Estate planning includes creating documents like wills, trusts, and powers of attorney that protect your family’s financial future. It ensures that your loved ones are cared for and that your financial affairs are managed according to your wishes, even if you’re no longer able to do so yourself.
4. Provides for Future Healthcare Needs: Estate planning also allows you to establish directives for your healthcare and make decisions about your medical treatment in advance. This can relieve your family from making difficult decisions during challenging times.
5. Offers Peace of Mind: Knowing that your affairs are in order and that your wishes will be carried out can provide significant peace of mind. It allows you to focus on enjoying your time now, confident that you’ve planned for the future.

If you’re ready to start planning or have questions about how estate planning can benefit you, contact us. We’re here to navigate you through the complexities and help you create a plan that fits your needs and goals.