We understand. People naturally don’t like to think about their death and what comes after. Considering one’s mortality is not easy. Leaving nothing to guide your family, however, makes the process more difficult and expensive. Estate planning is an important consideration for all adults, even those without a spouse or children. See “Single? No Children? No Will? Big Mistake,” a New York Times article examining the pitfalls of an unguided – and, therefore, unsupervised – estate administration.
An estate plan is important to ensure that if something should happen to you, your loved ones and next-of-kin are protected. Foley & Foley work with clients to maximize the distribution of wealth to loved ones, friends and charities while minimizing any applicable taxes. The firm’s estate practice includes the preparation of documents, such as Last Wills and Testaments, Revocable and Irrevocable Trusts, Powers of Attorney, Health Care Proxies and Living Wills.
In addition to estate planning, Foley & Foley is able to counsel and to assist fiduciaries – executors, administrators, trustees – chosen to administer your estate and assets. Those persons, often dealing with grief and unfamiliar with the process, have the responsibility to locate estate assets, prepare and file necessary tax documentation on behalf of the estate and distribute estate assets to beneficiaries. Foley & Foley provides personal and profession assistance to your trustees, executors and administrators with those duties to ensure that the obligations are properly managed and do not become overwhelming.
For more information on our firm’s estate practice and how we can help you, please contact one of our attorneys today.