The Best Way to Keep Your Assets in the Family

April, 2013 by

Once a person is eligible for a senior discount, that person should seriously consider the future of their assets. After all, no responsible person would leave bills to their children and allow the state to take their assets.

For such a person, it is helpful to sit down and learn about the different services offered before seeking out an Estate Planning Lawyer Lancaster County.

Choose the Right Service

When a person is ready to evaluate his needs, he should then consider what types of services are offered.

There are various types of estate planning, including:

* Wills

* Trusts

* Power of Attorney

* Living Wills

* Guardianship

* Eldercare planning

* Business succession planning

A will is drawn up with instructions for the allocation of one’s property after death. A trust is set up to be managed by one party until a time specified to be handed over to another party or to remain in the care of the second party. A Power of Attorney is a legal contract that allows someone to act on behalf of someone else. A living will consists of written instructions that give specific directions that are to be taken for their own healthcare, if they are no longer to make sound decisions. Guardianship services would be needed if another person would need to take over the care of someone in case of death. Eldercare planning are instructions set up for the special needs unique to a senior citizen. Business succession planning is designed to hand over a business in case of either death or retirement.

Choose the Right Lawyer

After learning about the various services, it is time to research the right Estate Planning Lawyer in Lancaster County.

Not all lawyers offer estate planning services in Lancaster County. Make sure to read what previous clients have said about said lawyer, and find out how much experience the lawyer has in dealing with estate planning services.

Ask Questions

The best lawyers will offer a free consultation, giving the potential client the opportunity to ask questions. During this consultation, a good lawyer should give the potential client a peace of mind about the services they offer. If the potential client feels unsure about the relationship with this lawyer, then it is good to seek out a second opinion with another law firm.


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