Wills And Trusts Are The Cornerstone Of A Comprehensive Estate Plan

A will is the cornerstone of a comprehensive estate plan. That's why it is so astonishing how many individuals continue to postpone drafting a will. In a "scold blog post" that personal finance journalist Richard Eisenberg wrote for Forbes.com, he reported that 64 percent of American adults do not have a will. More than half (51 percent) of Americans age 55 to 64 have not drafted a will. And a whopping 62 percent of those between 45 and 54 years old have not accomplished this important task.

Wills Are Not Just For The Wealthy

If you have worked hard, accumulated even a modest amount of assets and have people in your life whom you love and want to pass your assets on to when you die, it is important to have a will. The experienced estate planning lawyers at Leisawitz Heller in Wyomissing can assist you in creating a will or any other estate planning instruments that suit your needs.

Some of our estate planning services are provided for a flat fee. We can assess your needs and give you a good sense of final cost before we begin developing your estate plan.

Dying without a will, which is known as "dying intestate," opens the door to disputes regarding asset distribution. It also makes probate mandatory. Many people prefer to avoid probate in order to expedite estate administration and maintain privacy of the estate administration process.

Why An Estate Planning Lawyer Makes Good Sense

Our firm has been helping residents of Reading and throughout southeastern Pennsylvania with wills and other estate planning needs since its inception more than five decades ago. We have seen a number of changes in the process over that time, including the proliferation of so-called do-it-yourself wills and estate planning websites. Like most areas of law, estate planning has gotten more complicated, not simpler. The guidance of our knowledgeable attorneys can prevent critical mistakes that could tie up your estate, frustrate your beneficiaries and decrease the amount of inheritance you provide to loved ones.

In addition to preparing a will, many individuals also have good reason to create one or more trusts. Like wills, trusts are not exclusive tools that are designed solely for millionaires, although they serve high-asset individuals as well. We use trusts to help our clients:

  • Avoid probate
  • Minimize taxes
  • Exercise more control over when someone receives an inheritance
  • Provide care for adult children with disabilities without endangering their right to receive government benefits

Stop Procrastinating And Enjoy Some Peace Of Mind

Having an estate plan in place provides a sense of security that you will greatly appreciate. Use our online contact form to schedule a meeting. We can answer your questions and recommend an effective course of action.