Estate Planning

Working closely with individuals and families to protect and transfer their assets seamlessly, ensuring a secure and prosperous future for generations to come. With access to a network of experienced and knowledgeable attorneys, we specialize in a wide range of estate planning areas to meet your unique needs and goals.

Working with Meghan on our estate plan was seamless. Her expertise, attention to detail, and innovative approach ensured our wishes were understood and documented flawlessly. Highly recommend her firm and services.
C. S.

Estate Planning Services

At the Law Offices of Meghan E. McNulty, Inc., we stand out for our commitment to personalized client services across a wide spectrum of estate planning cases.

Wills and Trusts

Our estate planning attorneys will work closely with you to create legally sound wills and trusts that ensure your assets are distributed according to your wishes. We tailor each plan to your specific circumstances, whether it’s for a simple will or a complex trust structure.

Estate Tax Planning

We understand the complexities of estate taxes and will develop strategies to minimize your tax liability, allowing you to maximize the inheritance you leave for your loved ones.

Asset Protection

We help safeguard your assets from potential creditors and legal challenges. Our expertise ensures that your wealth is secure and can be passed on to the next generation.

Powers of Attorney

Our legal team assists in setting up powers of attorney to designate trusted individuals who can make financial and healthcare decisions on your behalf when needed.

Probate and Estate Administration

In times of loss, we offer compassionate and efficient assistance with probate and estate administration, making the process as smooth as possible for the family.

Financial Planning

We help clients plan their finances for long-term security by blending investment, tax, and estate planning, ensuring asset growth and legacy preservation.

Why Choose Attorney Meghan McNulty for Estate Planning?

My clients receive individualized attention, fostering trust and confidence that their estate planning matters are managed with the utmost professionalism and care.

Frequently Asked Questions

Get answers to common estate planning questions to make informed decisions.

Estate planning is the process of arranging and making preparations for the distribution of your assets and belongings after your passing. It involves making important decisions about who will inherit your property, managing your finances, and appointing guardians for minor children. Estate planning goes beyond just creating a will; it encompasses various legal tools and strategies to ensure your wishes are carried out effectively.

Hiring an estate planning attorney is essential for several reasons. These professionals have specialized knowledge of the laws and regulations governing estate planning in your jurisdiction. They can help you navigate complex legal matters, minimize tax liabilities, and ensure that your estate plan is comprehensive and legally sound. An attorney can also provide guidance on appointing executors, trustees, and guardians, and help you avoid potential pitfalls or disputes that may arise in the absence of professional advice.

Estate planning is crucial for several reasons:

  • Ensures your assets are distributed according to your wishes.
  • Minimizes potential conflicts and legal disputes among beneficiaries.
  • Provides for the financial security of your loved ones.
  • Helps in minimizing estate taxes and other financial burdens.
  • Allows you to appoint guardians for minor children.
  • Provides peace of mind knowing that your affairs are in order.

It’s advisable to start estate planning as early as possible. While it’s a common misconception that estate planning is only for the elderly or the wealthy, anyone who has assets, property, or loved ones to protect can benefit from it. Life is unpredictable, and having an estate plan in place ensures that your wishes are respected regardless of your age or health. Starting early also allows you to make adjustments as your circumstances change over time.

An effective estate plan typically includes the following key components:

    • Last Will and Testament: Specifies how your assets should be distributed after your death and may include guardianship provisions for minor children.
    • Trusts: Allow you to transfer assets to beneficiaries while specifying conditions or timelines for distribution.
    • Advance Healthcare Directive: Outlines your medical treatment preferences in case you are unable to communicate.
    • Financial Power of Attorney: Appoints someone to manage your financial affairs if you become incapacitated.
    • Beneficiary Designations: Ensure that assets like life insurance policies and retirement accounts are distributed according to your wishes.
    • Letter of Instruction: Provides guidance to your executor or beneficiaries on non-legal matters.
    • Tax Planning: Strategies to minimize estate taxes and maximize the inheritance left to beneficiaries.

Remember that Estate Planning is a highly individualized process, and it’s essential to consult with an attorney to create a plan tailored to your specific needs and goals.

Yes, it’s highly advisable to involve an attorney in your business succession planning. Succession planning involves legal intricacies such as the transfer of ownership, tax implications, and drafting legal documents like wills or trusts. An attorney can provide invaluable guidance on these matters, ensuring that the transition of your business aligns with your intentions and complies with legal standards. They help in creating a seamless and efficient plan that minimizes potential disputes and tax burdens.

Still have questions?

Contact us today for further assistance.
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