Estate Planning

Quick Estate Planning Overview

Asset Protection Planning - Asset protection planning involves figuring out and applying a lawful series of techniques that protect your assets from claims of future creditors.

Elder Law - Elder Law is a relatively new specialized field of law that deals with the issues faced by the fastest growing segment of the US population, the elderly.

Estate Law - The term "estate" consists of all the property a person owns or controls, whether in his or her sole name, held in a partnership, in a joint ownership arrangement.

Estate Planning Overview - While you're living and healthy, you value being able to make your own decisions.

Estate Tax - The estate tax is payable by your estate - it is usually paid by the estate of the decedent before property is distributed to the beneficiaries of the estate.

Inheritance Rights - Leaving a will is the best way to ensure heirs or descendants may inherit from your estate.

IRA & 401(K) Planning - The new law gradually increases the amount you can contribute each year to a traditional IRA or Roth IRA.

Last Will and Testament - A Will is a written document, generally prepared with the help of an attorney.

Living Will - Living Will is the popular name for a document spelling out the general kinds of medical care you would want.

Power of Attorney - Some people simply are not able to manage their own financial affairs. For these people, there are a number of courses of action.

Probate Court - Probate will is the process by which legal title of property is transferred from the decedent's estate to his/her beneficiaries.

Probate Court Records - A probate court record is a record that contains all information that was involved in a probate court case.

Special Needs Trusts - A special needs trust holds title to property for the benefit of a child or adult who has a disability.

Trust Planning - Trusts come in a variety of forms and can be established in many different situations.

Our firm handles Estate Planning matters which is the area of law dealing with the distribution of an individual's property at his or her death, using wills, taxes, insurance, property and trusts so as to gain maximum benefit of all laws and, at the same time, carrying out the person's wishes.

Estate Planning is the preparation for the distribution and management of a person's estate at death through the use of wills, trusts, insurance policies, and other arrangements, especially to reduce estate-tax liability.

Estate planning and probate administration are linked together, but they do have their differences.

In estate planning, individuals and/or businesses map out where and what they want to happen to themselves, their legal property, and their assets. Specifically we can draft wills and trusts (revocable and irrevocable).

Probate administration occurs after death. An individuals’ will is put into effect and orderly distribution of assets occurs. This is the phase when inheritance tax is paid and where will contest may occur.

At Kaba Law Group, P.L.L.C., we understand the complexities that go into estate planning and probate administration. We help our clients understand what they need to do in order to protect what they have worked so hard for. We will litigate matters if necessary to ensure that our clients wishes are carried out.

While you're living and healthy, you value being able to make your own decisions about your finances, property, health care, and raising your children. Should you die or become incapacitated, you hope others will handle these matters for you according to your wishes.

The only way to assure that will happen is through estate planning. This process involves weighing various personal and financial decisions and creating legal arrangements to carry out those decisions.

Good estate planning is more than just a simple Will. It minimizes potential taxes and fees (including Federal and State gift and estate taxes), and sets up contingency planning to make sure wishes regarding health care treatment are followed before and after death. A good estate plan also coordinates what happens to a home, investments, business, life insurance, employee benefits (such as a 401K plan) and other property in the event of disability or death.

If you or someone you know needs the assistance or legal counsel of an experienced probate lawyer, contact the Law Office of Kaba Law Group, P.L.L.C.

Kaba Law Group, P.L.L.C. / 2015

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