Few of us enjoy contemplating what will happen in the event of an emergency or disaster, but doing so is necessary to protect our families and ensure that our wishes are carried out when we are no longer here to do so. Wills, trusts and other estate planning tools allow you a legal way to ensure your assets are distributed in the manner that you want them to be. Bellomo & Associates is a leading wills and trusts attorney in Lancaster, PA and here to help you and your family.
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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.
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.
Who Is a Trusted Wills and Trusts Attorney in Lancaster, PA?
Bellomo & Associates, LLC is proud to be a trusted wills and trusts attorney in Lancaster, PA. We know how stressful and emotional the estate planning process can be, so we simplify the process and work hard to get your documents prepared in an efficient fashion. We have assisted local residents in transferring their assets and completing the estate planning process for over a decade, and we work hard to keep our great reputation in the community. We are both thoughtful and effective. To schedule your initial consultation or learn more, call us today at (717) 845-5390.
Jeff provides pertinent, interesting, & necessary information in a way that captures his audience.
Jeff is knowledgeable in what he speaks about the law, and how it effects every day events- and how to go about taking necessary steps.
I dreaded the thought of estate planning and put it off for years. To my pleasant surprise, working with Bellomo & Associates was wonderful. The process was efficient, all of my questions were answered and the cost was reasonable.
Outstanding knowledge of estate planning with clear, concise communication. Who knew estate planning could be enjoyable?
I have been a client and personal friend of Jeff Bellomo for over 10 years. He is professional and his expertise in elder law is superb. I highly recommend anyone with any issues regarding elder law to seek his help. I guarantee you will be more than satisfied.