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Estate Planning
The federal and state laws governing trusts and estate planning are increasingly complex. The attorneys at Leos & Gilkerson, PLLC have over 40 years of estate planning experience. Our goal is to provide each client with individualized and comprehensive estate planning that fits their needs. Proper estate planning can prevent your loved ones from having to deal with difficult situations and may save your family thousands of dollars in taxes.
A Will is the document in which you decide the disposition of your assets upon death and who will manage your estate. If you do not have a Will at the time of your death, the state can distribute your assets pursuant to the laws of intestate succession.
There are many types of trusts which serve various purposes. For example, placing property in a trust can avoid probate or hold assets for a young beneficiary you designate until he or she is old enough to manage the property. Trusts are also used for inheritance tax avoidance purposes.
This is an agreement in which your spouse automatically receives all of your property and assets at the time of your death.
This creates provisions for handling your financial affairs in the event that you become unable to make important financial decisions or communicate those decisions during life.
Last Will & Testament
A Will is the document in which you decide the disposition of your assets upon death and who will manage your estate. If you do not have a Will at the time of your death, the state can distribute your assets pursuant to the laws of interstate succession.
Trusts
There are many types of trusts which serve various purposes. For example, placing property in a trust can avoid probate or hold assets for a young beneficiary you designate until he or she is old enough to manage the property. Trusts are also used for inheritance tax avoidance purposes.
Community Property Agreement
This is an agreement in which your spouse automatically receives all of your property and assets at the time of your death.
Durable Power of Attorney for Assets
This creates provisions for handling your financial affairs in the event that you become unable to make important financial decisions or communicate those decisions during life.