Reliable Wills, Trusts and Estate Legal Service for Montpelier
At Johnson Law Group International, PLLC, we are specialists in a wide range of legal areas. One of our greatest areas of expertise lies in wills, estates and trusts, and we have used this knowledge to cater to the needs of homeowners in the Montpelier area since day one of our business.
Our wealth of legal experience combined with a commitment to delivering the best possible results for our clients means that if you want a will drawn up or your estate planning taking care of, then we need to be the first number you call.
Our dedicated legal team at Johnson Law Group International, PLLC helps our local clients in Montpelier prepare for the transition from different stages of life seamlessly. The reason that our legal service has proven so popular with clients in Montpelier is because it can assist those who have been left behind following a death of a family member or loved one with careful and thorough planning.
So, if you are looking for a convenient legal service that can be accessed electronically and at a reasonable cost, then you need us at Johnson Law Group International, PLLC. We promise, you’ll be glad you called.
The Importance of Good Estate Planning
What gets you out of bed in the morning? If you’re like most Montpelier residents, it’s the thought of providing for your loved ones and building them a better future. That notion is what keeps you working hard day after day. After all, it’s your family—especially members of the next generation— who are going to carry on your name and your legacy. Creating a better life for them is all that matters. And part of that is hiring a lawyer with special experience in estate planning from Johnson Law Group International, PLLC.
After all, the alternative is too unpleasant to think about—your estate administered by the state government, with tens of thousands of dollars lost to legal fees and taxes. Or, even worse: multiple wills submitted for probate, none of which have been vetted by an estate planner. Go ahead and ask anyone who’s been involved in a legal battle concerning a will or estate: the fastest way to rip a family apart is a squabble over a will or trust. That’s why it’s crucial you find a lawyer who will work with you to secure your best interests and the best interests of your loved ones against an uncertain future.
There are many tools your lawyer from Johnson Law Group International, PLLC might pursue to help you achieve your goals. After all, the world of taxes on estates is extremely complex, so the solution must be as comprehensive to make sure you and your family retain as much of your wealth as possible, and your children aren’t saddled with unfortunate financial responsibilities such as capital gains taxes and funeral costs.
Your lawyer with Johnson Law Group International, PLLC will walk you through every step of the estate planning process. First, you’ll sit down with him or her and together you will review your entire estate.
The financial legacy you leave for your loved ones is essentially the sum total of all your assets subtracted by all your debts. After legal fees, probate fees, and state and federal taxes are applied, this can be much less than you’d think. But working with a talented lawyer with experience in estates, wills, and trusts can retain much of your estate’s value through all of these processes. We’ll explore this topic in greater detail as time passes, so don’t forget to bookmark this website to check for updates!
Is a Will Enough for my Estate Planning Needs?
The value of your estate and the classes of assets it contains will determine what approach your lawyer from Johnson Law Group International, PLLC takes. For smaller estates, a will may be enough, as you won’t pay an obscene amount of probate fees. But for clients with larger amounts of assets to pass on or for clients whose beneficiaries are still quite young, you may want to look into forming trust accounts to protect your estate.
Why Choose Johnson Law Group International, PLLC
At Johnson Law Group International, PLLC, we have developed a detailed estate planning checklist as well as a glossary of estate planning terms and trust terminology that can help our clients start the transition process quickly and easily.
Our dedicated legal team will work closely with executors and personal representatives to administer estates. This includes everything from filing petitions for probate, developing estate inventories and accountings as well as closing estates when necessary. On top of that, we also have a particularly in-depth knowledge in respect of juvenile financial guardianships as well as the needs of families with dependents with special needs.
Two Main Types of Trust
There is no doubt about it, knowing the best trust strategy to pursue can be a complex process. However, by enlisting the assistance of Johnson Law Group International, PLLC, you can be guaranteed that the process will be relatively straight-forward. In essence, a trust is created when you transfer ownership of your assets to a trustee, either in the form of an individual or trust company, with instructions for them to use these assets for the benefit of the designated beneficiary. In general, there are two types of trusts:
1. Testamentary Trust: A testamentary trust is created in your will and takes effect upon your death. The assets relating to a testamentary trust form part of your estate and are subject to any estate fees or taxes that apply. The main advantage of this type of trust is that it can be changed at any time before your death by simply having a new will prepared.
2. Living Trust: By establishing a living trust, property ownership is passed immediately to your beneficiaries during your lifetime. Because the transfer of ownership is made during your lifetime, the trust assets do not form part of your estate and are therefore not subject to probate.
Johnson Law Group International, PLLC is one of the top law firms in Washington, DC for estate planning and wealth management. From estates to wills to trusts, we help you plan a better future today. Call us for more information, or to set up an appointment.