Estate Planning Lawyer in Reading, PA

A will is a legal document that declares who will get your assets after your death. If you have any minor children, a will can also set forth your wishes as to how they should be cared for. If you die without a will, the decisions about your estate will likely be left to the discretion of a judge – meaning your wishes may not be carried out. In addition, your family members could be forced to spend additional time and money to settle your matters. Our Reading estate planning lawyer can help you prepare your will so you can be certain that everything is in order.

A trust is a fiduciary relationship that involves one party (the trustor) giving another party (the trustee) the right to hold title to assets or property for the benefit of a third party (the beneficiary). A trust is created to ensure the trustor’s assets are protected and distributed according to his or her wishes.

Some of the primary advantages of establishing a trust include avoiding probate, reducing the time and paperwork needed for transferring assets, and protecting assets from creditors. In some cases, a trust can decrease or eliminate inheritance or estate taxes. There are several types of trusts. To find out which trust is right for your needs and goals, contact our firm today.

A power of attorney is a legal document that grants one individual (the agent) the power to act on behalf of another individual (the principal) should they become incapacitated and unable to make decisions on their own. The principal can choose to grant limited or broad legal authority to the agent to make decisions concerning medical care, property, and finances. If you are making plans for the long-term care of yourself or a loved one, consider formulating a power of attorney.

What are Marital Assets?

Marital assets are the assets and property you and your spouse obtained during your marriage. Marital assets can be your house, car, 401k, etc. In the simplest of divorce matters, you and your spouse can outline how you would like to handle the “what you want to do with your “stuff”” question by entering into a marriage settlement agreement or postnuptial agreement. You can think of these documents as a contract (because it is) between you and your spouse on how you would like to manage the division of your joint property.

Call Our Estate Planning Attorney Today

Building an estate plan involves making decisions that will have a long-lasting impact on your loved ones. To ensure your assets remain protected and that your wishes are carried out, work with our qualified estate planning lawyer in Reading.

Contact the Law Office of Nikolas D. Capitano, The Leges Group LLC at (610) 200-6665 to speak with Estate Planning attorney.