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What Estate Planning Means
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Understand what estate planning means and what is important to know in this educational video. Contact our Media PA attorneys for a free consultation.Do you need legal help?
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I highly Recommend Gibson & Perkins. I have used their services for approximately 6 years now and been through a few cases together with very positive outcomes. Personally, I have used Paul Fellman and Walter Timby on those occasions. Both, as a team & separately these Attorneys were wonderful to work with and easily accessible to reach if I had any questions. Professionalism is the word that comes to mind to describe the firm, as a whole. Always completely prepared for any surprises that may pop up during a trial. They were well versed on all pertinent info pertaining to each case. As I client, I always felt I was an integral part of the team, not an after-thought, that had to be brought up to speed a half hour before the trial started. I could not recommend this firm and Mr. Fellman and Mr. Timby any higher.Very Satisfied
I hired Paul Fellman after speeking to several different lawyers from different law firms because he was the most sincere. Paul did an excellent job on my landlord tenant issue I had on my rental property. He was there for me from the beginning to the end of the whole ordeal. I was very satisfied and I highly recommend him and his firm.
Understand what estate planning means and what is important to know in this educational video. Contact our Media PA attorneys for a free consultation.
Question:
What does estate planning consist of and how does the process work?
Answer:
As an accomplished Delaware County Trust Lawyer, I get questions all the time from clients about what estate planning is.
When people think about estate planning, I think they first think about just property being disposed of during a last will and testament. But the focus should also be on disposition of property that’s not disposable under the will, such as life insurance, possibly a qualified plan, an IRA, and things of that nature.
One thing we do when we’re doing estate planning is make sure all a person’s assets are disposed of properly. This means not only that the property gets to the right people, but it gets to them in the right way. It may also mean making sure that people you don’t want to get your property don’t inherit.
In addition, there’s the aspect of what happens if you can’t handle your own affairs while you’re still alive. We call this living probate. It may involve having a proper general power of attorney as well as a medical power of attorney.
When we’re talking about estate planning, we’re really talking about many things, possibly to include reducing the cost of dying. People think of the death tax, but we also want to make sure the process runs smoothly so that there aren’t any costs because of family disagreements when the estate is settled.
This educational blog was brought to you by experienced Trust Attorney Edward L. Perkins. Our law firm proudly represents clients throughout Delaware County, as well as Pennsylvania, and New Jersey.
If you have any questions about estate planning, please contact our Delaware County Trust Lawyers for a free case evaluation. Let our experience work for you.
Do you have questions about what estate planning means and how the process works? Contact our experienced Media, PA Estate Planning Attorneys for a free consultation.
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Client Reviews
“I highly Recommend Gibson & Perkins. I have used their services for approximately 6 years now and been through a few cases together with very positive outcomes.”
– Maria Twining
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