Planning for the future is one of the most important ways to protect your assets, ensure your wishes are honored, and provide peace of mind for your loved ones. Whether it’s creating a will, establishing a trust, or setting up advance directives, having a clear and legally sound estate plan is essential. Franklin & Frankel is here to guide you through this process with expert legal advice and personalized solutions tailored to your unique needs.
Our team offers comprehensive estate planning services that cover wills, trusts, tax planning, and other forms of asset protection. We focus on preparing advance directives to protect your healthcare decisions and can craft marital agreements that safeguard personal and family interests. Reach out to Franklin & Frankel today to discuss your options.
Drafting Wills
The last will and testament is a basic building block for most estate plans. This document allows you to decide how your property is distributed after your passing. It can also work in tandem with trusts and other tools to help your loved ones navigate probate on their terms.
Types of Trusts
Our attorneys can help with a wide range of trusts, including the following:
- Asset Protection
Asset protection trusts are designed to shield your wealth from potential creditors, lawsuits, or other financial threats. These trusts are often used by professionals or business owners who face higher liability risks.
- Children and Individuals with Special Needs
For parents, especially those with young children or dependents with special needs, trusts can provide essential long-term security. A trust can designate funds for a child’s education, healthcare, or general well-being. Special needs trusts, tailored to protect the benefits of disabled individuals, ensure that your loved ones receive the financial support they need without jeopardizing government assistance.
- Medicaid Asset Protection
For those concerned about the high costs of long-term care, Medicaid asset protection trusts can preserve eligibility for Medicaid benefits while safeguarding assets for your heirs. These trusts allow you to transfer certain assets out of your name while helping you meet Medicaid’s strict financial requirements. Franklin & Frankel can assist in setting up these trusts to comply with state and federal regulations, giving you peace of mind about your healthcare future.
Advance Directives
Advanced directives are legal documents that give you more control over your health decisions when you are no longer able to make them. They ensure your medical wishes are respected if you are unexpectedly incapacitated. Our attorneys can draft the documentation needed for this process.
Prenuptial Agreements
One overlooked tool for planning for the future is a prenuptial agreement. This marital contract allows two people to find common ground and ensure they are on the same page regarding their finances prior to the wedding. These agreements are useful in protecting family businesses and ensuring everyone’s expectations align during the course of the marriage.
Reach Out to Franklin & Frankel Today
Contact Franklin & Frankel as soon as possible to discuss your estate planning options. Our team looks forward to helping you plan for the future.