Estate Planning, Probate Law, Wills & Trusts
The area of law that deals with an individual’s need to protect their assets, ensure their legacies, and create both opportunities and financial security for the next generation.
Wills, Living Trusts and Other Estate Planning Tools
If you prepare a will, your estate will be “testate.” If you don’t, it will be considered “intestate.” In either case, though, your estate will need to go through probate. This is a legal process by which the assets that you’ve accumulated, including property, savings and heirloom possessions, will be distributed to creditors and beneficiaries. Many people seek to avoid probate, because it can be time consuming, costly (legal and court fees can be steep) and contentious, leading to disputes over your intentions or fights over the administration of the estate. A living trust offers an alternative path to prevent your estate from having to go through probate.
Of course, living trusts and wills are not the only planning documents that you can use (or that you might need).
How UL Can Help
UL’s singular focus is to identify your needs and help develop a constructive, strategic approach to handling each client’s estate. UL will help you prepare (or amend) legal documents to ensure that every legal instrument conveys your wishes accurately, in a way that also minimizes tax consequences and creditor claims on your estate.
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