Wills & Trusts Attorney Lancaster, PA
Bellomo & Associates, LLC
LANCASTER WILLS AND TRUSTS ATTORNEY
How Can a Wills and Trusts Attorney in Lancaster, PA Simplify the Probate Process?
Probate can be a very lengthy, emotional and stressful process in the aftermath of a loved one’s passing. Your estate will be administered, and assets will be distributed in accordance with your will during the probate process. Instead of distributing everything in a timely fashion so that all involved parties can start the healing process, it can drag on, take value from the estate to cover court costs and leave your loved ones upset. A trust is one way to circumvent the probate process.
Working with an experienced wills and trusts attorney in Lancaster, PA ensures that you can shorten the probate process as much as possible. We know how to create legally binding estate planning documents that leave no ambiguity as to your wishes and how you would like your assets to be distributed. By proactively estate planning, the probate process can be radically shortened. The average uncontested will takes a year to complete the probate process. A single dispute can delay that process by years. Let us help you ensure your wishes are carried out in a timely, cost-effective and stress-free fashion.
What Legal Options Do I Have to Distribute Assets?
Estate planning can be complex and confusing, as there are many different options available and each has its own pros and cons. The estate plan that is right for a single adult without children is not necessarily the estate plan right for a married adult with six children. As a wills and trusts attorney in Lancaster, PA, Bellomo & Associates is prepared to help guide you through the estate planning process and find the perfect legal option for your assets, your needs and your wishes.
Wills and trusts are two ways to transfer your property and assets to others, but within that category, there are many different options. Some of the trusts that can be used to distribute your assets include:
- Marital trusts
- Bypass trusts
- Testamentary trusts
- Irrevocable life insurance trusts (ILIT)
- Charitable lead trusts
- Generation-skipping trusts
- Qualified terminable interest property (QTIP) trusts
- Grantor retained annuity trusts (GRAT)
We have a full understanding of all of these estate distribution options and can work with you directly to determine which is the best vehicle to carry out your wishes. No two people are alike, which is why we never attempt to use a one-size-fits-all process for each of our clients.
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