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Your estate is all your property, including real estate and personal property. It is how much you are worth at a given time. We work hard every day to build up our estate value. Why? Because we want a better life for ourselves and our families. But you never know what the next day will bring. Life is full of surprises and you want to make sure that your assets are protected, and your loved ones are provided for should something happen to you. Creating a comprehensive estate plan will give you the peace of mind to enjoy life knowing your hard-earned money will go to benefit your family and not to the state or federal government. Or at the very least, all of us should have a basic estate plan that includes a Will, Power of Attorney and Health Care Proxy.
If you become sick and unable to handle your own financial affairs or make medical decisions, who can you trust to act in your best interest
If you have minor children, who do you trust to care for them should you become unable to do so?
Are you elderly or do you have elderly parents? If so, are you prepared for financial and long-term care issues that may arise?
If you have a child or family member with a disability, are you taking the necessary steps to protect their future?
You want to plan when you are healthy to protect yourself and your loved ones. Do not let the courts make such important decisions for you. Greenberg Burzichelli Greenberg P.C. can assist you with these complex issues and challenges affecting your life and the life of your loved ones.
When a person dies, all their assets must be located and collected, and debts and taxes must be paid. Only then will the remaining property be distributed to the deceased person’s heirs. This is called administering an estate. If there is a Will, the property will go to the beneficiaries pursuant to the instructions in the Will. If there is no Will, the estate will be distributed pursuant to the laws of each state.
The executor of a Will or administrator (if there is no Will) is responsible for gathering all the assets and ensures that all debts are paid off from the estate. The duties of an executor or administrator must be performed with diligence and in good faith. The administration process can be complicated and involves a great amount of time to properly handle the responsibilities.
If you have been appointed to act as executor or administrator you may feel overwhelmed and have questions about what to do, we will work side by side with you to guide you through the entire process from going to court to get appointed executor or administrator to the final accounting and closing of the estate. Please contact us to schedule a free consultation.