Wills and Estate Planning in Columbia County
Estate Plans & Wills in Pennsylvania
Wills and estate plans are ways of transferring wealth from one person to another. Over the course of your lifetime, you'll accumulate a certain amount of wealth and other assets. If something were to happen to you, you'll want to be sure what you've accumulated is given to who you've chosen. This could be a spouse or partner, siblings, children, friends, or even a charity or business.
No one knows what tomorrow will bring. So, it's always a good idea to make sure that your loved ones have access to whatever you leave behind. The field of inheritance law varies by state and is quite different from other arenas of law. If you want to set up a will or estate, you need to consult an experienced attorney who specializes in wills and estate planning.
Kreisher Marshall & Associates, LLC have represented Pennsylvania clients for over 40 years. Our estate planning lawyers in Columbia County have helped many people plan for the future. Call us today at (570) 784-5211 for a comprehensive consultation.
Will Versus Estate Plan
An estate is the total value of goods and assets you've accumulated in your lifetime. These assets can include property, such as real estate and vehicles, investments such as retirement accounts, 401ks, and stocks, or liquid assets like cash and savings accounts.
A will is a legal document that designates who you want your estate to be left to. The recipients of your estate can include people (related to you or not), pets, charities, or other entities you wish to designate. You can also specifically exclude someone from access to parts of your estate.
But, a will isn't necessarily a guarantee that your estate will all go to the party you designate. Depending on the state your assets reside in, undesignated parties can contest your will in probate court and try to get part of your estate. We all remember the Anna Nicole Smith case. She married an 89 year old oil tycoon who died 13 months later. Following his death, she tried to claim half of her husband's $1.6 billion estate. Her claim was contested by his two sons. The case went on for over a decade.
Parties that can contest a will in probate court may include ex-spouses, unmarried partners, stepchildren, illegitimate children, caregivers, creditors, and many others. When there is no will, the government may even claim your estate.
Hire an Experienced Estate Planning Attorney in Pennsylvania
Planning your estate and composing a legally strong will are two of the most important things you can do for your loved ones. Since estate law is so complex and varies so greatly state to state, it's vital that you to involve an attorney who is an expert in this legal field.
Kreisher Marshall & Associates, LLC have represented Pennsylvania clients for four generations. We are committed to getting you the results you desire. For the future's sake, call our offices at (570) 784-5211 for a consultation.