Why You Should Plan for Every Possible Estate Planning Scenario

Protecting beneficiaries is not something only high-net-worth individuals need — those in working and middle-class families should also be preparing for every possible situation. This means planning for when something happens to the family’s breadwinner. When you’re able to attain stocks, bonds, real estate, or more, you want to be able to pass this on to your heirs. At Zaremba Center, we have estate planning attorneys to help those in Williamsburg with every component of estate planning, helping you designate heirs for your assets. Whether a stock portfolio or a home, without an estate plan, you leave it up to the courts.

A part of estate planning and elder law is protecting your loved ones, and this includes protection from the IRS. A key component of estate planning is minimizing your taxes by transferring assets to heirs, creating the smallest possible tax burden for them. At Zaremba Center, our experienced estate planning attorneys will enable those in Williamsburg to reduce and sometimes eliminate, both federal and state estate taxes, along with state inheritance tax. We strive to help you find ways to decrease the income tax your beneficiaries might have to pay.

Protection is a common theme in estate planning and elder law. Without an estate plan in place, the courts will appoint guardianship or conservatorship for your child(ren). If you want peace of mind by knowing you have a say in who will care for your child in the event of your death, it’s essential to start estate planning with Zaremba Center. This is also a great way to control your finances and assets, often avoiding family turmoil and disagreements. Ensure your assets are handled the way you intended and ease family strife through estate planning.

Estate planning and elder law are for more than just when you’re gone. At Zaremba Center, we help those in Williamsburg determine their power of attorney, medical designations, and more. Working with our experts, you can designate a power of attorney to make trusted medical and financial decisions on your behalf, if you're unable. We also help with trusts to facilitate passing property on to heirs while providing tax benefits. Another way to ensure your wishes are followed and protection is provided is to have a trusted attorney to help with medical directives and treatments.