Estate planning is one of the most important steps a person can take to make sure that their final property and health care wishes are honored. It gives you the power to determine how loved ones will be provided for in your absence.

Estate planning services are not just for people with substantial assets. Anyone can develop an incapacitating illness or serious medical condition. Anyone can become disabled by an accident. These are only two of the many reasons why everyone should clearly indicate their wishes for their families, finances and health care. In addition, if you own a small business, you should consider planning for passing its management on to the next generation or to your key employees.

The lawyers at Roth Law Office, P.C., provide estate planning services to their clients.

“Estate” defined.

Your “estate” is simply all property owned by you at the time of your death. Such property includes:

• Real estate
• Bank accounts
• Stocks and other securities,
• Life insurance policies,
• Personal property such as automobiles, jewelry, and artwork.

What will an estate plan do?

An estate plan can accomplish the following:

• Identify those whom you wish to receive your property after your death.
• Ensure that your property will go to those you have identified, as quickly and with as few difficulties as possible.
• Minimize the taxes that must be paid in order for your property to be distributed to others after your death.
• Avoid the time and costs associated with the probate process. This is accomplished through estate planning devices like living trusts.
• Fix the kinds of life-prolonging medical care you wish to receive when the time comes.
• Set forth the kind of funeral arrangements you would like
• Fix how your death expenses are to be paid