Best Estate Planning Lawyers Near You

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OLM Law Advocates LLP

OLM Law Advocates LLP

Nairobi, Kenya

Free Consultation: 15 mins


Founded in 2021
10 people in their team
OLM Law Advocates LLP stands as a renowned full-service law firm firmly established in Nairobi, Kenya. We have carved a niche in the legal sector,...
English
NEVETT FORD MELBOURNE PTY LTD

NEVETT FORD MELBOURNE PTY LTD

Melbourne, Australia

Founded in 1850
40 people in their team
About us Nevett Ford is a full services law firm and a member of Law Australasia, a coalition of 19 law firms with affiliated offices throughout...
English
Chinese
Law Office of Charles and Associates

Law Office of Charles and Associates

Basseterre, St Kitts and Nevis

Founded in 2012
6 people in their team
Charles & Associates is a full-service law firm that has offices in Valsayn, Trinidad and Tobago as well as Basseterre, St. Kitts and Nevis....
English
Adroit Law LLP

Adroit Law LLP

Nairobi, Kenya

Free Consultation: 15 mins


Founded in 2021
7 people in their team
Empowering Solutions: A Premier Female-Owned Boutique Law FirmWelcome to our distinguished female-owned boutique law firm, where excellence in...
English
Swahili

Legal guides written by Adroit Law LLP:

  • The Law of Succession in Kenya: Testate and Intestate Succession
  • Navigating the Complexities of Mining Licenses and Permits in Kenya: A Look into Artisanal and Large-Scale Operations
  • Navigating Public Benefit Organizations in Kenya
Oran Partners

Oran Partners

Istanbul, Turkey

Free Consultation: 1 hour


Founded in 2016
10 people in their team
Oran Partners stands out as the only law firm in Turkey focused entirely on medical malpractice. With over 100 years of combined legal experience,...
English
Turkish
Mwale Law Advocates LLP

Mwale Law Advocates LLP

Nairobi, Kenya

Founded in 2013
7 people in their team
About UsMwale & Co. Advocates is a hallmark of legal distinction in Kenya. With a rich heritage in offering specialized services in numerous...
English
French
Swahili
Kikuyu
Ombogo & Company Advocates

Ombogo & Company Advocates

Nairobi, Kenya

Founded in 2016
10 people in their team
Trusted Legal Experts for Property, Corporate, and Immigration Services - Ombogo & Company AdvocatesAt Ombogo & Company Advocates, we are...
English
Swahili
GPS Legal

GPS Legal

Bangkok, Thailand

Free Consultation: 15 mins


Founded in 2014
12 people in their team
We are GPS Legal, a full-service law firm providing legal counsel to resident and overseas individuals, local and regional SME’s, and global...
English
Thai

Legal guides written by GPS Legal:

  • Land Ownership in Thailand: Title Deeds
  • Thailand’s SMART Visa program: What you should know
  • Estate planning goes beyond wills
The Law Society Co.Ltd.

The Law Society Co.Ltd.

Phuket, Thailand

Founded in 2006
22 people in their team
About UsAt The Law Society Co.Ltd., we are more than just a law firm – we are your steadfast partners in navigating the complex realm of...
German
Russian
Japanese
Korean
English
French
SWISS LAW INTERNATIONAL

SWISS LAW INTERNATIONAL

Zurich, Switzerland

Founded in 1998
10 people in their team
Welcome to our site!We are your experts in foreign law and immigration and present you directly here with a variety of interesting services. This...
Italian
German
English
Spanish
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Estate Planning Legal Questions answered by Lawyers

Browse our 7 legal questions about Estate Planning and the lawyer answers, or ask your own questions for free.

How to deal with executive that does not communicate?
Estate Planning
Elder Abuse Law
I can give you my opinion as professional.Text me on WhatsApp or Telegram: +38970704335Regards,Svetislav Stojanoski, MSc., Attorney at law
I looked after my mom and she gave me a portion of her investment money
Estate Planning
Elder Law
Family
Civil Litigation
As a property lawyer at SJ Law Experts, G-11 Markaz, Islamabad, when asked about a situation where you looked after your mother and she gave you a portion of her investment money, the appropriate legal response would depend on various factors such as the intent behind the transaction, the documentation (or lack thereof), and the jurisdiction you're operating in. Here's an overview of how to approach this situation: Gift vs. Loan: It's important to clarify whether the transfer of money was intended as a gift or a loan. If your mother gave you a portion of her investment money as a gift, then no repayment is required, and it would typically be treated as a personal gift. In many jurisdictions, gifts between family members are not subject to taxation, although some exceptions may apply based on the amount or local laws.Documentation: If the money transfer was intended to be a gift, it would be beneficial to have documentation that clearly states the intention behind the transfer. Even if it was informal, a written statement or a letter from your mother confirming that the money was a gift can help avoid any misunderstandings in the future, particularly in case of disputes or inheritance issues.Inheritance Concerns: If the investment money was transferred as part of an inheritance arrangement, it might be important to document the transaction to ensure there are no legal issues later, such as claims by other family members. In some jurisdictions, large transfers of money from parents to children could potentially be seen as an advance on inheritance, which could affect the distribution of the estate after your mother's passing.Tax Implications: Depending on the jurisdiction, there may be tax implications for receiving a large sum of money, even if it’s a gift. You should consult with a tax professional to understand any potential gift taxes or reporting requirements.Property and Investments: If the investment money is related to property or other assets, ensure that any transaction related to the investment is properly documented and complies with local property laws. This includes checking if any property titles need to be transferred or if any legal processes are required to reflect the transfer of money or assets.In summary, the appropriate answer would clarify the nature of the transfer (whether it was a gift or loan), ensure proper documentation to avoid disputes, and consider any tax or inheritance implications depending on local laws. If you're uncertain, consulting with a legal or tax professional would be advisable to ensure compliance with relevant laws and regulations.For detailed discussion and more information please do contact us at +92 335 411 2288 (SJ Law Experts, G-11 Markaz, Islamabad). Thank you
How to protect property from squatters law
Estate Planning
Elder Law
Landlord & Tenant
After completing probate to establish yourself as the legal heir, you can transfer the property title to your name and then grant them permission to reside there through a formal agreement.It is worthy to note that you can do it through special attorney.

About Estate Planning Law

Estate planning is the process of arranging the management and disposal of a person's estate during their life and after death. This practice aims to minimize uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. The intent of estate planning often involves designating beneficiaries and making specific plans for assets to ensure that possessions are handed down according to the individual's wishes. Essential components of estate planning include wills, trusts, powers of attorney, beneficiary designations, and advanced healthcare directives.

Why You May Need a Lawyer

While some aspects of estate planning can be handled without professional assistance, many scenarios warrant the expertise of a lawyer:

  • Complex Family Situations: If you have a blended family, minor children, or complex family dynamics, legal help can ensure that your estate plan reflects your personal circumstances.
  • Large or Complex Estate: High net-worth individuals may need assistance with tax implications and asset protection strategies to ensure their estate is distributed as intended.
  • Business Ownership: Transferring business ownership requires careful planning to handle succession smoothly and maintain business operations.
  • Care for Dependents: If you have a dependent with special needs, legal advice can aid in setting up a special needs trust to care for them without losing government benefits.

Local Laws Overview

Estate planning laws can vary considerably based on locality and might include regulations regarding probate, inheritance tax, and succession rights. Some key aspects include:

  • Probate Laws: Determining when and how assets are transferred under court supervision.
  • Intestate Succession: Rules that apply when a person dies without a will, which vary by location.
  • Spousal Elective Share: Provisions that protect a surviving spouse, ensuring they receive a portion of the estate regardless of the will's content.
  • State-Specific Estate or Inheritance Tax: Some states impose taxes on the estate or the inheritance received by beneficiaries, impacting the net inheritance.

Frequently Asked Questions

What is a will?

A will is a legal document that outlines how a person's assets and affairs will be handled after their death, including the distribution of their property and care for minor children.

What happens if I die without a will?

If a person dies without a will, state laws determine how their assets are distributed, which may not align with their personal wishes.

What is a trust?

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of beneficiaries. Trusts can dictate how and when assets are distributed.

How often should I update my estate plan?

It's advisable to review your estate plan every few years or after major life events such as marriage, divorce, the birth of a child, or significant changes in financial status.

Can I make my estate plan myself?

While it is possible to create an estate plan without legal help, hiring an attorney ensures the plan complies with all legal requirements and accurately reflects your wishes.

What is probate?

Probate is a legal process that validates a will and oversees the distribution of a deceased person's assets. It can involve appraisals, tax payments, and addressing debts.

Is having a power of attorney important?

Yes, a power of attorney designates someone to make financial or healthcare decisions if you become incapacitated, ensuring those matters are handled according to your preferences.

What is an executor?

An executor is a person named in a will to manage the deceased's estate, ensuring debts are paid and assets are distributed in accordance with the will's instructions.

How can I minimize my estate taxes?

Strategies to minimize estate taxes might include creating trusts, making charitable donations, or gifting portions of your estate during your lifetime, all of which should be discussed with a financial advisor or attorney.

What is a living will?

A living will is a document that specifies your wishes regarding medical treatment if you are unable to communicate, often outlining preferences for life-sustaining measures.

Additional Resources

Several resources and organizations can provide helpful guidance and information on estate planning:

  • Bar Association: Local bar associations often have resources or can recommend reputable estate planning lawyers.
  • National Estate Planning Organizations: These can provide educational material and directories of qualified estate planners.
  • Government Agencies: Departments such as the IRS provide information on tax implications and compliance related to estate planning.
  • Financial Planners: Consulting with financial planners provides a comprehensive overview of how to manage and protect your financial assets.

Next Steps

If you think you might need legal assistance with estate planning, consider taking the following steps:

  • Assess Your Needs: Consider your assets, dependents, and any unique family or financial situations requiring attention in your estate plan.
  • Research Your Options: Identify estate planning attorneys or professionals in your area, focusing on those with good reputations and relevant experience.
  • Consult Professionals: Schedule consultations with potential lawyers or estate planners to discuss your goals and their approaches to estate planning.
  • Document Everything: Start organizing your important documents, including deeds, account statements, existing wills, or beneficiary designations.
  • Consider Your Choices: Clearly define who you wish to designate for roles such as executor or trustee and decide on asset distribution strategies.
Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.