Succession & Estate Planning Services

Succession & Estate Planning Services

Planning for your passing is not the most exciting task, but it is one of the most important things you can do when planning for the future of your family and/or business. Your estate is made up of everything that goes into the net worth of an individual. This includes but is not limited to land, real estate, finances, assets, liabilities and more. If you own it, or have a controlling interest in it, it’s a part of your estate. Proper estate planning services will determine what happens to these things when you pass away. Neglecting to have a plan in place will result in a drawn-out process of your estate being distributed amongst your loved ones in the courtroom. This does not always end favorably for most parties involved. Proper succession and estate planning will allow you the peace of mind knowing exactly what will happen to your assets in the event of your death and will allow your loved ones to grieve without the hassle of unnecessary courtroom dealings.

Succession vs. Estate Planning

Although these terms are often used interchangeably, they are not the same and should not be treated as such. Estate Planning focuses on creating your plan for your estate before you pass. Succession is essentially the process that takes place after you or your loved one dies. Succession includes having the will validated by the court system and the actual distribution of assets to the heirs as stated in the will. This process can be very smooth if the proper estate planning elements were in place prior to the passing of your loved one. If there was not a will in place or if the will is not considered valid, it can become a more complicated process. Carmen can assist you in understanding how Succession law works and what to do to ensure a process as smooth as possible. 

What do succession & Estate planning services include?

A local succession and estate planning attorney like Liriano Law Firm will be able to assist you in the proper documentation needed for succession and a valid estate plan. The most common components of estate planning include:

–Creating a will.
–Creating a trust.
-Designating power of attorney (Including medical or healthcare power of attorney).
-Beneficiary Designations.
-Ensuring your will is valid.
-Distribution of deceased’s property to heirs and beneficiaries and assisting in debt settling. 
-and more. 

Call Carmen today with all your succession and estate planning questions and get started on planning for your future.