The law of trusts and estates governs the handling of your property and personal affairs, both during and after your life. It includes appointing a guardian for your minor children, making health care decisions for you when you are unable to, and the management of your property during incapacity or at death.
An estate includes both real and personal property — real estate and any other items you own, such as vehicles, bank accounts, artwork, family heirlooms, and digital assets, like your Facebook account. One aspect of estate planning involves deciding how to distribute this property to your heirs.
Who needs an estate planning attorney?
Bottom line: most people.
Estate planning is more than just having an attorney draw up a will. It also involves planning for the possibility that you may become incapacitated and need someone to manage your finances and make medical decisions. It may involve a charitable giving plan, either during your lifetime or upon your death, or a plan to ensure that your family business continues to operate after your retirement.
Why should you choose Lipman & Katz?
Our estate planning practice is built upon a foundation of counseling. Unlike something you find online, we can help you make the important decisions, and consider all of the possibilities. After that work is done, we can draft documents to implement your wishes and plans. This includes wills and trusts, powers of attorney and advance health care directives.
We can also help with business succession planning and charitable giving. We are familiar with both Maine and federal laws that may apply in certain situations, and can make thoughtful recommendations based on our years of experience in estate planning.