Bengfort Law Group specializes in a wide range of estate planning practice areas, including but not limited to trusts, wills, and power of attorney, all geared towards ensuring you are protected and your assets and property are distributed according to your wishes.
Call Now Schedule ConsultationEstate planning encompasses a comprehensive set of legal documents and strategies that help individuals protect their assets and wishes from legal challenges, minimize tax obligations, and ensure seamless asset transfer to their beneficiaries after their death.
Learn MoreEstate planning is a critical process that enables individuals to plan their assets and their future healthcare options. It involves creating a comprehensive plan for the management and distribution of one’s assets and property after death or incapacitation. Effective estate planning requires careful consideration of various factors, such as the value of the estate, the intended beneficiaries, the applicable tax laws, and the clients’ goals and wishes.
Our expert estate planning attorneys can guide clients through this complicated process, helping them make informed decisions about their assets and property. The benefits of estate planning include the ability to minimize taxes, avoid probate, protect assets from creditors, and ensure that loved ones are cared for in the manner in which the client wishes. Overall, estate planning is a crucial aspect of financial planning that can provide peace of mind and security for clients and their families.
Wills provide individuals with the opportunity to legally document their wishes regarding the distribution of assets, the appointment of guardians for any minor children, and the selection of an executor to carry out their final wishes.
Learn MoreWills are legal documents that contain instructions on how a person’s assets and belongings should be distributed after their death. They provide a sense of reassurance and control for individuals who wish to ensure that their wishes are carried out after they are no longer able to do so. In addition to outlining the distribution of assets, a will can also name a legal guardian for any minor children, as well as outline funeral arrangements and charitable donations.
Having a properly drafted and executed will can alleviate the stress and uncertainty that can arise in the absence of one, and can provide peace of mind for both the individual and their loved ones. At Bengfort Law Group, we understand the importance of creating a comprehensive and tailored will for each of our clients and are dedicated to ensuring that their needs and wishes are met.
Trusts are a legal arrangement in which property is held by one party for the benefit of another, providing crucial asset protection, privacy, and control over distribution of assets even after a person’s death.
Learn MoreWhen it comes to estate planning, trusts are valuable tools that can help you achieve your objectives. A trust is a legal entity that holds assets for the benefit of specified beneficiaries. There are many different types of trusts, each with its particular advantages and disadvantages. For example, revocable living trusts, which can be altered or terminated during the grantor’s lifetime, are popular among individuals who wish to avoid probate. Irrevocable trusts, on the other hand, cannot be changed and are frequently used for tax planning purposes.
A trust can also offer several benefits, such as asset protection, avoidance of estate taxes, and the ability to control who receives assets and when. Therefore, it is essential to consult with an experienced attorney who can guide you through the trust creation process and determine which type of trust is appropriate for your specific needs and objectives.
Power of attorney is a legal document that allows someone to appoint another person to make important decisions on their behalf, such as managing finances or making healthcare decisions, and can be useful in situations where an individual becomes incapacitated or is unable to make decisions for themselves.
Learn MoreA power of attorney is a legal document that allows one person (the principal) to grant another person (the agent) the authority to act on their behalf in a variety of legal and financial matters. This authority can be broad or narrow, depending on the specific powers granted by the principal. Some examples of powers that can be granted include the ability to conduct banking transactions, sign legal documents, or make medical decisions.
There are several different types of power of attorney, including durable power of attorney which remains effective even if the principal becomes incapacitated. It’s important to work with a knowledgeable attorney to ensure that your power of attorney document is tailored to your specific needs and provides the appropriate level of protection and control.
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