What is Estate Planning?
Believe it or not, everyone has an estate. If you own anything- a home, checking or savings accounts, you have an estate that will require legal steps after your passing. At that time, you want to be able to control how your estate is divided and while ensuring the protection of your loved ones even after you are gone. That is what estate planning is all about.
Estate planning is making a plan in advance and naming exactly to whom you want your possessions to go and naming who will be in charge of carrying these plans out after you pass away. This may include:
- Guidance for family members who may be irresponsible with money.
- Protecting your children from divorce or creditors.
- Naming a guardian to be responsible for minor children.
- Minimizing tax and court costs.
Though this will of course be a difficult time for your loved ones, estate planning will ease the burden on them and provide a seamless process that will allow them to remain protected, after you are gone.
Our Approach to Estate Planning
For over 20 years, Drew Ward has been exclusively practicing in this area of law. Robert J. Malpezzi, as the Director of our Medicaid Planning Department since 2011, has been handling Medicaid applications for over 23 years. At our firm, we work as a team and we have a distinctive understanding of our respective fields. Our firm has the experience to prepare you for any issues that you may have to handle in this process. What sets us apart from other firms is our genuine compassion for our clients and a true understanding of the stress that estate and Medicaid planning can cause people. At the Ward Arcuri Law Firm, our clients’ needs come first. We have handled thousands of estate plans and Medicaid applications. We are proud to say we listen to our clients’ needs individually, and we utilize our years of experience and fluent understanding of the law to outline a plan specific to each client’s needs and objectives.
Give our office a call for a free consultation or attend one of our free monthly workshops about estate and Medicaid planning to learn more.
The Services We Offer
The Ward Arcuri Law Firm prides itself on outstanding, personal service. We offer a variety of legal services that can meet a wide range of client needs.
If you own a business, we offer business succession planning which includes: trusts, buy-sell agreements, and business succession counseling.
Our firm offers post death administration, including trust administration and both large and small estate probate and administration.
The Steps of Estate Planning
Estate planning can be broken down into four simple steps to ensure all of your needs are met and your wishes are carried out.
In our first meeting, we will review your goals and intentions for your Estate plan. We will discuss your major concerns and the basic plan of how you want your affairs handled. There are various estate planning strategies that may fit your needs, so in this meeting, together we will determine which option is the best fit for you. We will outline the legal fees for the options we discuss, so that you are able to make a well-informed decision that is right for you and your family. This meeting typically lasts one hour, with plenty of time for any questions that you may have.
In the second meeting, we will review the options we have outlined and answer any additional questions. Once you have chosen the estate planning option that is best, we will review specific details. We will discuss, in detail, the roles loved ones will play in the estate plan. This may include the involvement of children, if you so choose. It is of utmost importance to us to have you understand and be certain your own individual plan.
Once your estate plan is drafted, we will have a third meeting to review the documents page by page with you, so you can fully comprehend the purpose and structure of the individual plan we have designed. Once this review is complete and we have determined that you are comfortable with the plan, we will have you sign your documents.
If a client has decided to have us prepare a Trust, the funding of your assets into the Trust is a critical step. We will outline how to move your assets into your Trust, and review these assets to ensure your plan is effective complete.
We know Estate Planning is a sensitive subject matter. We will provide the personal, attentive service that will make the whole process simple and smooth. With our firm, you will be in good hands. Contact our office today at (315) 797-7300 or by filling out our contact form to schedule a estate planning consultation.