Estate Planning
After the free initial consultation, Yardley Legal Services will recommend what estate planning documents are needed and the legal fee.
One of the concerns is that clients attempt to save money by purchasing boiler plate estate planning documents on the internet. All estate planning documents should be tailored to meet the specific needs of each family. For example, a standard trust should not be used for a beneficiary who is disabled or has public benefits. If the documents are not prepared correctly, the beneficiary could lose the public benefits or the inheritance may have to be paid to the government.
Most married couples are not aware that if they die without a will, the surviving spouse does not automatically inherit all of the other's estate and that the children will receive a statutory share of the estate of the deceased spouse. Retirement accounts, and other payable on death accounts are not controlled by the will and the beneficiary designations must be coordinated to obtain the desired estate distribution. |
