At The Law Offices of Charles E. Hutchinson, Esq. we specialize in custom tailored estate plans which take into account the individual needs and desires of our clients. We do not start drafting any document until we get to know our clients and offer them several options to consider. Then through a collaborative process we work with our clients to ensure all of the details are covered. In the end nothing is signed until our client has reviewed everything and their exact wishes are properly represented. We also keep in touch with our clients throughout the years so that as their life changes, we can make sure their estate plan does as well.
Estate Planning is the process people
Is yours the kind of schedule where you can't just up and go to a lawyer's office because you have to wait for the kids to come home from school, or where you work from 8AM - 7PM and having a meeting after a long day is unappealing, or where you have to schedule around soccer games, hockey tournaments, piano lessons, etc? We completely understand, and offer flexible meeting times. If you need us to come to you -- we will. If you want to do most of the communications over e-mail -- we will. If you can only meet on the 3rd Tuesday of the month after 4:00 -- then we can too. We care about you and your family, not just your legal needs.
When putting together your plan of Guardianship, Powers of Attorney, Will, and Trust, you begin to structure your Estate.
All wills go through the probate process. The probate process is process where the court decides and approves the management transfer of assets in a person's name upon their death. And because it is a court proceeding, the end result will be in the public record.
Probate does not include
Probate does involve
Time and Cost of probate
While each case is different, a good rule of thumb is that it will take anywhere between 18 and 24 months to go through the probate process. Costs associated with probate may include:
Living Trust is an entity for the ownership and management of assets. It is established and funded by the Grantor during their lifetime. A trust revolves around three classes of people, the Grantor, the Trustee, and the Beneficiary. Typically during the Grantor's lifetime they are all three classes and have sole discretion as to what assets are in the trust or not.
The Grantor is the person who establishes the Trust
The Trustee manages the Trust for the benefit of the Beneficiary
The Beneficiary benefits from the assets in the Trust
When the Grantor/Trustee dies or is disabled the person designated in the Trust itself automatically becomes the successor Trustee
Time and Cost