It’s never too soon to get your house in order with estate planning. Life can come at you fast, and you want to ensure that your loved ones are protected and that your assets are distributed according to your wishes. Attorney Leticia Martinez works closely with his clients in the careful preparation of wills, trusts and comprehensive estate plans. She takes the time to learn about your assets and guides clients to choosing the best legal instruments for their wants and needs.
The Preparation of a Will
A will is just about the most important legal document you’ll ever create. It directs the management and distribution of your property after your death. Surprisingly, over 70 percent of adults don’t have one. A will is the cornerstone of any estate plan. There are many types of wills, such as formal, joint, contingent and statutory. Attorney Leticia Martinez has in-depth knowledge of the different types of wills and will assist you in selecting the best type for your individual circumstances.
The chief advantages of trust include conditions on how and when your assets are distributed, reduced estate and gift taxes, eliminating the cost and delay of probate, better protection from lawsuits and creditors and the naming of a trustee to manage the trust assets if you become incapacitated. Trusts are varied, flexible and complex. Each type has its advantages and disadvantages, so it’s best to consult with an experienced estate planning attorney like Leticia Martinez before setting one up.
Comprehensive Estate Plans
Comprehensive estate planning combines estate and lifetime planning. It allows you to outline your wishes in the event of an illness, permit family members to manage finances if you become incapacitated, protect your family from the cost of long-term care expense, provide for your family after you’re gone and provide for family members with special needs. A comprehensive estate plan includes power of attorney, health care directives, asset protection documents, will and testament, beneficiary designations and trusts. The benefits of comprehensive estate planning are many. In addition to protecting you and your loved ones and preserving your personal and financial autonomy, a comprehensive plan will provide you with the peace of mind of knowing that you have taken care of everything.
If it’s time to get started with your estate planning, turn to attorney Leticia Martinez for the preparation of a will, trust or comprehensive estate plan. Let her experience work for you and your family.