Wills And Trusts: Comprehensive Estate Planning
Wills and trusts are the foundation upon which most estate plans are built. These valuable tools can help ensure that your wishes will be honored and enable you to plan for your family’s future. James S. Nowak, Attorney at Law, can help you create wills and trusts as part of a comprehensive estate plan. To learn more, call Mr. Nowak’s office in Toledo at 419-726-2605 to schedule an initial consultation.
Tailoring A Will To Best Suit Your Needs
Most people think of a will as a simple document that lists who your beneficiaries are and the assets that they are to receive. While this is certainly true, a will can function as something much more. If you have children, you can help determine when they are to collect their inheritance or whether they must accomplish certain goals first. If you have remarried, a will can help avoid having your biological children disinherited should you pass away before your spouse.
Although “canned” forms are readily available, a will is not a one-size-fits-all document. Everyone’s situation is unique, and only an experienced lawyer can help you identify your goals and ensure that your wishes will be carried out as you see fit.
It is a myth that trusts are a tool reserved for the very wealthy. While the establishment of certain trusts is essential, if you possess significant assets and are concerned about potential tax consequences, people from all walks of life can benefit from establishing a trust. For example, a trust can help with long-term care planning, avoiding the necessity of having to shed your assets to qualify for Medicaid should the need ever arise.
There are many different trusts to help meet many different needs. Attorney Nowak can let you know which types can help you best achieve your goals.
Contact An Estate Planning Law Firm
For help with all your estate planning needs, contact us online or call 419-726-2605 to schedule an initial consultation. Located in Toledo, the law firm of James S. Nowak, Attorney at Law, serves clients in Point Place, Shoreland, and other areas of Ohio and Michigan.