The Essentials of Estate Planning

Understanding the Scope of
Estate Planning

Estate planning is more than just drafting a will.
It's a comprehensive process that involves:

Will Preparation

→ Designating Beneficiaries: Precisely identifying individuals or entities who will receive specific portions of your estate.
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→ Specifying Asset Distribution: Detailing how your assets are to be distributed, including conditions or timelines for inheritance

Trust Formation

→ Creating Living Trusts: Establishing trusts that become operational during your lifetime, enabling efficient management and privacy in asset distribution.
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→ Special Needs Trusts: Developing trusts designed to provide for beneficiaries with special needs without compromising their eligibility for government benefits.

Advance Directives

→ Powers of Attorney: Appointing a trusted individual to manage your financial and legal affairs if you become incapacitated.
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→ Healthcare Directives: Outlining your preferences for medical care and appointing someone to make healthcare decisions on your behalf if you are unable to do so.

Guardianship Arrangements

→ For Minor Children: Ensuring your children's care and financial needs are met by someone you trust and who shares your values and beliefs.
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→ For Dependent Adults: Arranging care for adult dependents, including elderly parents or adults with disabilities, in a manner that respects their dignity and needs.

Estate Tax Planning

→ Minimizing Estate Taxes: Implementing strategies to reduce the impact of estate taxes on your beneficiaries, ensuring more of your assets are passed on as intended.

→ Gift Strategies: Utilizing gifting to family members or charities as a means to reduce the taxable estate

Asset Protection

→ Safeguarding Assets: Structuring your estate to protect assets from creditors, lawsuits, or other potential threats.

→ Business Succession Planning: Creating a plan for the seamless transition of your business, preserving its value and legacy for future generations.

What makes us different?

We uphold the highest standards of transparency in all our dealings.

Our commitment is to provide clear, honest, and direct communication throughout your estate planning journey.

We ensure clients are continuously informed about their estate planning progress, with clear explanations of each step.

Our pricing is transparent, with all costs and fees discussed upfront to ensure there are no surprises.

Clients have easy access to all their legal documents and details, fostering a transparent and trust-based relationship.

Our consultations are tailored to deeply understand and address your unique needs.

We aim to ensure that your estate plan aligns perfectly with your goals.

Each consultation is focused on understanding your specific objectives and concerns.

Recognizing the emotional depth of estate planning, we offer support and guidance through every decision.

A comprehensive look into your life situation, family dynamics, and financial landscape forms the basis of our planning.

Our approach integrates your estate planning with your entire financial portfolio.

This strategy not only secures your assets but also harmonizes your estate plan with your broader financial goals.

Comprehensive financial planning that integrates estate planning within the broader scope of your financial goals and strategies.

Strategies aimed at minimizing estate taxes and maximizing asset transfer to beneficiaries.

Specialized planning for business continuity and succession, particularly for business owners.

Your vision and goals are at the heart of our planning process.

We are dedicated to building lasting relationships based on trust and mutual respect.

Your aspirations guide our planning process, ensuring a plan that truly reflects your values and goals.

Fostering lasting relationships with clients based on understanding and trust.

Quick and empathetic responses to all client queries and concerns, ensuring satisfaction and peace of mind.

At Askander Law, we craft legal solutions that are as unique as you are.

We are dedicated to making sure your estate plan is a perfect fit for your needs.

From straightforward wills to intricate trusts, each solution is custom-made.

We provide a broad spectrum of estate planning tools to cater to a variety of needs.

Our solutions evolve with your life changes and financial circumstances.

Journey Through Estate Planning with Us

Our process is designed to address every aspect of your estate, ensuring that your plan not only meets your current needs but also adapts to future changes.

Initial Consultation

A comprehensive discussion to understand your estate planning goals and what you hope to achieve.

Developing Your Estate Plan

We create a bespoke estate plan that encompasses all aspects of your assets and wishes.

Regular Updates and Revisions

Regular reviews of your estate plan to accommodate life events such as marriage, the birth of children, or starting new business ventures.

Finalization and Implementation

We ensure you understand every aspect of your plan, how it works, and its implications for you and your beneficiaries

Any Questions? We’ve got the answers.

What is estate planning and why is it important?

What happens if I don’t have an estate plan?

What is the difference between a will and a trust?

How often should I update my estate plan?

How does Askander Law personalize the estate planning process for each client?

What support can I expect from Askander Law after my estate plan is finalized?

Partnering with You for a
Secure Future

As you embark on the important journey of estate planning, Askander Law is here to guide and support you every step of the way. You are more than just a client to us; you are a valued individual with unique needs and aspirations. Our role is to be your dedicated advisor, understanding and addressing the challenges specific to your estate planning journey.

We are committed to ensuring that each decision you make not only secures your future but also reflects the legacy you wish to leave behind. Let's work together to turn your vision into a lasting reality.
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Contact Us
Tel: (909) 610-6200 | Email: contact@askanderlaw.com

Understanding the Scope of Estate Planning