Tailoring Estate Plans To Address Your Concerns
Estate planning, when done in a timely manner, will save your family from the frustrations, costs and complications that may arise from managing your estate should you become disabled or pass away suddenly.
At Giro & Associates LLC in River Edge, we help our clients make sure that their assets are passed on according to their wishes through our creative and effective strategies. They can expect our services to be conducted discreetly and professionally while honoring the principles of timeliness as well as cost-effectiveness.
Our Goal When Helping Clients
Our main goal is to ensure that our clients can enjoy peace of mind, knowing that their assets will be inherited by their loved ones and heirs. Each of our attorneys at Giro & Associates LLC has a solid background in estate planning, and we understand the importance of individualized approaches for our client’s unique needs.
Our approach includes a thorough analysis of each client’s financial, personal, tax and public benefits needs. We ensure that titling and correct asset allocations are set in place to meet each client’s goals.
Our estate planning services include:
- Drafting wills and creating trusts, which include irrevocable trusts, Medicaid trusts and special needs trusts
- Medicaid planning
- Establishing guardianships
- Advising on asset protection plans
Secure Your Peace Of Mind
We encourage our clients to think about estate planning, as this process allows you to take care of your family ahead of time. Working on estate planning allows clients to preserve their hard-earned assets, accumulated over a lifetime of hard work. By having an estate plan, you are able to provide for your family and the many generations to come, allowing you to establish your legacy.
Answering Your Estate Planning FAQs
There can be a lot to think about regarding estate planning. You may have many questions and want to know where to start. Don’t worry, we can help. Here are some of the most frequently asked ones we hear from our clients:
What is the difference between a will and trust?
A will is a document that details how and what property gets distributed after the estate holder passes away. The distribution process typically happens in court, and parties can dispute the will if they disagree over its contents through probate.
A trust is a more nuanced and complicated arrangement where estate holders transfer property directly to their designated beneficiaries. However, unlike a will, a third party manages trusts, and the assets inside it cannot be subject to probate.
What does a comprehensive estate plan include?
A comprehensive estate plan usually includes a:
- Will: A legal document detailing how assets get distributed when the estate holder dies.
- Trust: A legal relationship where a third party holds an estate holder’s property and distributes it to their designated beneficiaries after dying. Estate holders can choose either a revocable or irrevocable trust, depending on their unique needs.
- Beneficiary designation: A formal list outlining which assets have beneficiaries they’re supposed to go to.
- Health care power of attorney: A legal document stating who can make medical decisions on the estate holder’s behalf should they become incapacitated.
- A durable power of attorney: A legal document allowing a designated individual to make financial and health-related decisions on the estate holder’s behalf.
- Guardianship determinations: A legal document outlining who can make decisions for an estate holder when they can no longer make those decisions themselves. It can also outline who will care for an estate holder’s underage children should they die unexpectedly.
- Letter of intent: A letter detailing an estate holder’s wishes after their death. This letter can include bank account info and other vital resources executors need.
Everyone has different circumstances, so your estate plan may only require some things on this list. Figure out what you need in your estate plan by speaking with one of our lawyers today. Call 201-771-9436 today.
When should I revise my estate plan?
This can depend on a few different scenarios. People typically update their estate plan every 3 to 5 years or after a significant life event, like the birth of a child, divorce, or a change in family relationships and dynamics.
What happens if I don’t have a will or trust?
Those who die without a will in New Jersey die intestate. That means any assets they have will go to their closest immediate family member, a spouse, a child, a parent or a sibling, leaving the estate holder no control over how they distribute their assets.
Matters can be more complicated if estate holders die without a trust. If you want to understand the consequences, speak with one of our attorneys today to learn more.
Why Choose Us To Handle Your Estate Planning Case?
We Offer Flat Rates
If the client does not wish to be billed on an hourly basis, they won’t be. Our fees are agreed to in advance and there are no surprises. Most clients prefer this agreement and so do we.
Decades Of Dedicated Practice To Elder Law
Our elder care attorneys have over 50 years of combined experience representing clients in New Jersey and New York. They will fight for your legal rights with proven strategies to meet your needs and win the case.
Professional Support Team
If you have some legal issues and need to speak to someone, our team will contact you quickly and attempt to answer all of your questions. If you need to speak to the attorney, you will be able to make an appointment on the same day.
Meet With Our Dedicated And Committed Team
Our lawyers use their experience to review your case and use the most appropriate method to protect your rights and liberty.