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Do you often worry about what will happen to your loved ones or small business in the event that you become incapacitated or pass away? With the help of our estate planning attorneys at the Law Office of Frederick N. Pellegrini, you can rest assured that your assets, loved ones, and business will be protected.
For more than 25 years, we have assisted Norfolk County residents and small business owners create comprehensive, personalized estate plans that meet their wishes and requirements.
What Is an Estate Plan?
An estate plan includes various documents that can protect you, your assets, and your loved ones. Depending on your wishes and requests, one of our Dedham estate planning attorneys can help you fund or retitle assets into trusts, create a will, establish a healthcare proxy, etc. By creating an estate plan, your assets can transfer to specific family members upon your death, ensuring that they and your assets are protected. If you have certain documents included in your estate plan, such as a healthcare proxy, someone you appoint can make healthcare-related decisions on your behalf in the event you become incapacitated.
What is Probate?
Probate is the process of transferring specific items to heirs upon an individual's death. Certain items are subject to probate; if a comprehensive estate plan was not created prior to a loved one's death, family members may have to undergo the probate process. Properties often subject to probate include money, real estate, stock shares, valuable personal property, etc.
Can Probate Be Avoided?
If a comprehensive estate plan is created, yes, probate can be avoided. At the Law Office of Frederick N. Pellegrini, we are firm believers in trusts and can help clients fund or retitle assets into trusts. From bank accounts to life insurance policies, we can transfer your items into specific types of trusts-therefore helping your loved ones avoid the probate process.
What Is a Trust?
A trust is a legal agreement that allows a third party (called a trustee) to hold certain assets on behalf of a beneficiary or beneficiaries. Depending on the trust you wish to create, you can either have complete or absolutely no access to your trust. Certain types of trusts cannot be counted toward probate, so fewer taxes may be due upon your death and your beneficiaries can receive items in the trust faster.
They were invaluable in helping me through a difficult time.- Leigh R.
Quick to respond to any questions & patiently explain every step of the process.- Gertrude B.
Truly cares & spends the time preparing to make the experience great!- Alexander H.
A pleasant experience!- Mary B.
The upmost professionalism & care. A+- C.C.