Estate planning is the process of making legal decisions about property and medical care if you become incapacitated or pass away. While many people think this simply means the creation of a will, estate planning is far more intensive than that. For people with wealth, estate planning can be a vital step toward protecting your family, your wealth, your legacy, and taking advantage of every tax advantage available. The estate planning lawyers at Viloria, Oliphant, Oster & Aman L.L.P. can help you develop a custom-tailored plan to fit your needs.
Getting it Right
When it comes to an estate plan, we understand that once a person becomes incapacitated or passes away, there isn’t a second chance to get it right. Our attorneys are completely thorough, thoughtful, and methodical in the way that we help our clients explore their many options, understand the pros and cons, make informed decisions, and execute those plans.
Without a lawyer, you risk creating an invalid will or one that does not truly encompass your intentions. This could lead to significant confusion, delays, unnecessary expenses, and worse—your property ending up in the wrong hands. Further, you might completely miss out on utilizing trusts to avoid the probate process and save time and money for your loved ones.
Trusts are legal agreements in which you transfer property to a trust account, managed by a third party trustee (which may be a person, professional, or financial institution) who is responsible for distributing it in the manner you decide. When property is in trust, it is no longer considered your property, exempting it from probate proceedings and estate taxes.
There is a wide assortment of different trusts that allow you to provide for loved ones, to put conditions on loved ones receiving property, to leave property to charity, to provide for your medical care and end-of-life expenses, to qualify for certain government benefits, to care for loved ones with special needs, and more. An estate planning lawyer can equip you with the right combination of gifts, trusts, and a will to confidently create security for your loved ones.
Contact Viloria, Oliphant, Oster & Aman L.L.P. for Your Estate Planning Needs
Viloria, Oliphant, Oster & Aman L.L.P. is a small firm that provides high quality estate planning services to clients in Reno, Nevada. Our attorneys are smart, skilled, and thorough. We have handled estates of all sizes and complexities and can help you make informed decisions about securing the future for your loved ones. Call Viloria, Oliphant, Oster & Aman L.L.P. today at (775) 227-2280 to consult with an attorney or contact our office through our website.