Approaching the golden years of life should be an exciting adventure and well deserved reward. That certainly holds true when you’ve followed the proper procedures for your estate planning and wills. Be sure that you’ve put the right retirement strategies in place. At the Law Office of Jeremy Howe & Associates we understand the uncertainties that accompany the process of growing older. Our clients often contact us as a result of serious concerns for their future and the future of their loved ones.
Is Estate Planning Necessary?
According to an article published by the American Bar Association nearly 55% of Americans will pass without any estate planning and wills in place. These plans are a vital factor in distributing and managing your affairs and assets after your death. Over the years, we’ve witnessed the passing of a loved one cause tremendous pain and turmoil among families. As a result of the lack of prior planning surviving relatives attempt to decipher assets based on their individual perspectives. Unfortunately, this sometimes leads to disagreements and the destruction of relationships. estate planning and wills are a very important facet of aging. Many online articles recommend do-it-yourself asset protection planning however we recommend seeking the advice of an estate planning professional. The legalities and tax implications involved in estate planning are serious and very detailed. Knowing that an experienced estate planning lawyer is preparing and reviewing your plan for red flags and errors is a huge benefit. Taking the time to plan your future today could save your heirs from heartache later down the road.
What Type of Assets are Included in Estate Planning?
There are several types of assets involved in the estate planning and wills process. Familiarizing yourself with those assets can provide insight into the overall gist of your estate planning matters and how extensive they need to be. Some common estate planning assets include:
- Bank Accounts
- Brokerage Accounts
- Individual Retirement Accounts (IRA’s)
- Employer-Sponsored Retirement Plans
- Real Estate
- Personal Property
Estate Planning Services
Our estate planning attorneys are well versed in assisting clients with wills and trusts, charitable giving efforts, estate planning, guardianship and more. We understand the importance of setting up a strategic plan for your future and ensuring that all of the proper channels have been created for you and your family. With our strong history of successful estate planning and wills and our firm reputation for providing superior legal services we’ve been able to walk our clients to their finish line of success. We don’t offer cookie cutter solutions for your estate planning. Our legal team conducts an exhaustive evaluation of your estate planning needs and creates customized strategies that cater to your best interests. If you’re in need of experienced attorneys to handle your estate planning needs contact our Rhode Island Estate Planning office at 401.841.5700.