Estate Planning & Administration Lawyers

Experienced Lawyers to Assist You With All Your Estate Planning Needs

One aspect of estate law that not everyone is familiar with is that estate planning lets you control what happens to your assets when you die.  This can be done through legal mechanisms such as living trusts or a will.  Both of these legal mechanisms let you ease the burden on your survivors so that they pay the least amount of taxes possible under the law. Allow our estate planning lawyers to help you plan for the future so that your children will be placed in the best possible situation to excel when you are no longer here.

Key Considerations When Creating An Estate Plan

A comprehensive estate plan goes beyond simply drafting a will. It should address your wishes and protect your loved ones in various scenarios. Key matters include:

● Designation of beneficiaries: Clearly identify the recipients of your assets, including bank accounts, real estate, investments and personal belongings.
● Guardianship for minor children: If you have minor children, designate a legal guardian to care for them in your absence.
● Health care directives: Express your wishes regarding medical treatment in the event of incapacity through a living will and a durable power of attorney for health care.
● Asset protection: Explore strategies to protect your assets from potential creditors, lawsuits and long-term care expenses, such as creating a trust.
● Tax planning: Minimize estate taxes and help ensure a smooth transfer of wealth to your heirs through effective tax planning strategies.

Even though the internet seems to be the source of any “problem-solving tips,” it is better to obtain experienced estate planning services like ours. Our over 15 years in the legal industry means we can guide you through these considerations to help ensure your estate plan reflects your unique circumstances.

Common Challenges In Estate Planning

Estate planning often involves addressing sensitive family dynamics and potential disputes. Common issues arise from family disagreements over asset distribution. Outdated estate plans that no longer reflect your current life situation can impact the process. Will contests from dissatisfied beneficiaries may also contribute to disputes.

Working with our team can help you create a comprehensive plan that addresses potential challenges. This helps ensure your wishes are clear, reducing the likelihood of disputes.

Protecting Your Estate Through Regular Updates

Life changes require regular reviews of your estate plan. Major events that typically warrant updates include:

● Marriage or divorce
● Birth or adoption of children
● Purchase or sale of significant assets
● Changes in tax laws
● Relocation to a different state

We help you maintain an up-to-date estate plan that reflects your current circumstances and wishes. As such, our attorneys can review your existing documents and recommend necessary modifications to help ensure your plan remains effective and legally sound.

Let Our Experienced Estate Planning Lawyers Assist You With Your Will Or Trust

There are several steps you can take to ease the transition for your loved ones when you are no longer here. The most basic and important step you can take is to have the lawyers at Bellwoar Kelly, LLP, draft a Will. A Will is a legal document that directs who you want your assets to go to upon your death.  There are many benefits to having a lawyer draft your Will.  First, a lawyer knows how to prepare your Will properly so it can be filed easily with the court upon your passing. Second, hiring a lawyer makes it more difficult for aggrieved family members to challenge your Will in court after your passing.  Call us today, to plan for tomorrow.

Get Help With Your Power of Attorney

A Power of Attorney is a legal directive that can be used by loved ones if you are unable to write checks or direct your financial matters as a result of medical incapacitation or imprisonment. Our attorneys can draft the appropriate Power of Attorney depending upon your situation and needs. At Bellwoar Kelly, LLP, we even have our own notary on staff so you can move as quickly as needed.

Have you Been Named as the Executor in Another’s Will?

Being named an executor for a friend or loved one’s will can sound daunting.  Common questions such as: What are your responsibilities? How do you figure out who the beneficiaries are?  And how much is to be given to each?  At Bellwoar Kelly, LLP, we can help you navigate through these difficult questions, and let you focus on those issues that matter to you. No matter your estate needs, you can count on our estate administration lawyers to assist you every step of the way.

Contact Us for a FREE Consultation

Our estate planning lawyers have an excellent reputation for the quality of our work. With offices in West Chester, Pottstown, Kennett Square, and Media, we are here to help. Contact our estate planning and administration attorneys for a FREE consultation.