Estate Planning is a broad term that encompasses a broad range of legal guidance, documents, and financial planning. Estate planning and estate administration assistance are available through our firm for your current and future needs. An extensive consultation with our attorneys is offered to determine the best ways of avoiding unnecessary taxation and legal complications. Our primary goal is to protect the hard-earned assets which you have accrued over your lifetime.
The attorneys of Petrillo Jones, LLC make house calls, as well as nursing home and hospital visits. Our attorneys and staff will assure that you and your loved ones are treated with compassion and that your estate plan will be produced in a timely and professional manner.
Last Will and Testament
This document, depending on your circumstances, can mean the difference between a nightmarish legal process and a smooth transference of responsibilities and assets. The Executor or Executrix will act as your chosen representative. He or she will assure that your wishes are carried out after your death. They may choose to also have an estate attorney assist them. Our firm offers probate representation which assures that all procedural requirements are met on a timely basis.
If you have minor children, the manager of the assets for your children is known as the Trustee. The caretaker of their young lives is known as the Guardian. Your Will or Trust may also afford you the ability to plan your estate in such a manner as to circumvent certain state and federal inheritance taxes depending on the overall size of your estate. Moreover, as tax laws change, so do estate planning options - therefore, it is important even with an existing Last Will and Testament, that it remains current with ever-evolving estate laws and tax codes.
If you are the parent of minor children, you must consider the fact that without a Will, a judge who has never met your children could have the power to decide who raises them. Furthermore, a properly drafted Will can assure that your lifetime assets are managed and transferred in a way in which you are in total control. If you die in Pennsylvania without a Will, Pennsylvania law dictates where your assets will be distributed.