An Estate Plan Protects The Interests Of Family Members In Accordance With Your Wishes
A Power of Attorney Provides Instructions For Health Care And Medical Emergencies
We provide a Free Initial Assessment of your Estate Planning Needs. Non- US Citizens are also subject to Federal and State Estate, Inheritance and Tax Laws.
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An estate plan is a way to insure that your wishes are carried out after death. Every individual regardless of citizenship or immigration status should have an estate plan. However, if you are not a US citizen there are special rules which make it even more important to plan in advance for what happens after death. The estates of Non- US Citizens who die in the United States are subject to different tax consequences than the Estates of US Citizens. Surviving family members may have pending immigration applications suddenly and unexpectedly terminated. An estate plan addresses these and other concerns such as health care, charitable giving and protecting family members.
An estate plan allows for your family and propertyto be cared for in the way that you intended. An estate planprovides instructions so that your property is transferred to family or other persons in accordance withyour wishes. It avoids the unintended consequences of State intestacy laws. An estate plan also allows you to make arrangements forguardianship and protection of children or other dependents with special needs.
An estate plan is not just for wealthy people. Persons with limited financial means can also benefit.Legal immigrants as well as undocumented immigrants may be subject to much higher taxes without an estate plan. An estate plan with a will can avoid expensive probate fees. A probate may involve lengthy court proceedings which can prevent heirs from having access to needed funds, property, and business assets. An estate plan with a trust can also address immigration concerns and provide instructions for happens to your children and for management of your property and business after death.An estate plan with powers of attorney can explain your wishes in the event that you become incapacitated or to provide instructions for other serious health care issues.Wills, trusts and powers of attorney are essential parts of an estate plan that will resolve these issues BEFORE your death.
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A will allows you to plan for your family after death. It avoids intestacy laws.
A trust may in certain circumstances assist with nursing home expenses.
Trusts are not just for the wealthy. A trust insures that your wishes are carried out. A trust can pay for itself by saving expensive probate fees.
A will together with a trust can help avoid or minimize probate fees and estate taxes.
Each case is different. We offer low cost flat fees for straight forward situations. See our packages and call for a free quotation.
A probate involves court supervision of an estate. This may be necessary in certain cases, but may not be required in most other situations. Probate fees are expensive and court proceedings can delay distribution of the estate assets when needed.
Some people have simple or small estates that may go through probate smoothly. Often, though, probate has numerous potential disadvantages that many people prefer to avoid. These disadvantages include cost, delay, publicity, control, and diversion of energy and resources.
An estate plan with a revocable living trust can protect you, your loved ones, and your family
Protect your children
Distribute your assets according to your wishes
Appoint trustees to manage money, property, and businesses
Nominate a guardian for minor children
Make special gifts and provide for loved ones outside as well as inside the US
Customize your estate plan according to your situation and needs
Avoid or minimize Estate Taxes
Plan for incapacity and old age
Avoid Probate & Estate Administration
Minimize family disputes by providing instructions and explaining your wishes
Disclaimer :- “Packages include standard wills, trust and powers of attorney. Fees for customized estate plans may very.
Please call our office for a free assessment and quote 323.6534514″
An estate plan prepared with the assistance of an attorney can help avoid unneeded stress at a time when your family members are most vulnerable.
If you do not have a will, your estate will pass on intestacy and will be subject to probate. An estate plan can avoid expensive probate fees and delays and provides for your estate to pass according to your wishes.
In most cases, the applications of family member will terminate automatically. Without an estate plan in place, heirs will need to confront complex immigration issue while estate assets are tied up in probate.
US citizens who inherit are eligible for a substantial exemption from Estate Taxes which is not available to non-citizens. Careful estate planning can avoid or minimize Estate Taxes for non-citizen beneficiaries.
Funeral expenses, debts of the estate and Court administration fees for probate unless steps are taken to avoid probate.
An estate plan should be coordinated with a Foreign Will to transfer non-US assets to heirs.
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