Estate Planning Attorney New London, CT

Planning your estate is crucial to securing your legacy and ensuring peace of mind for you and your loved ones. At Holth & Kollman, LLC, we offer personalized legal guidance to help our clients in Connecticut handle the complex task of estate planning. Whether you want to create a new estate plan, modify an existing one, or need assistance with estate management, our team is here to support you.

We take a straightforward and compassionate approach to estate planning, focusing on your specific needs and goals. Trust an estate planning attorney in New London to help you make informed decisions for your future. Call us today or complete our contact form to schedule a free consultation.

Why You Need an Estate Plan in New London, Connecticut

Creating an estate plan is more than just a legal necessity. It’s a proactive step toward securing your future. An estate plan offers peace of mind because you’ll know that your assets – whether they are financial, real estate, or personal belongings – will go to your heirs according to your wishes.

Creating an estate plan also helps you avoid potential disputes among family members, as it clearly lays out your wishes and intentions. Moreover, an estate plan is crucial for protecting your legacy and providing for your family, especially if you have young children or dependents.

We encourage you to start on your estate plan as soon as possible. Life is unpredictable, and it’s important to prepare for any eventuality. By working with our estate planning law firm in New London, you can create a comprehensive framework that reflects your values and goals.

What’s In a Typical Estate Plan?

Every estate plan is unique, as it must reflect the distinct needs and goals of specific individuals and families. Whether you have a large estate or modest assets, a will and trust lawyer in New London can create a plan reflecting your particular circumstances and wishes. Here are the key elements of a typical estate plan:

Will

A will is the cornerstone of most estate plans. It outlines how you wish to distribute your assets after your passing. Having a will helps ensure that your assets go to the people and causes you care about.

Trust

There are many kinds of trusts, each serving various purposes, such as minimizing estate taxes, protecting assets from creditors, or managing assets for minor beneficiaries. Trusts offer greater control over how and when you want to disburse your assets, providing long-term benefits for your heirs. Additionally, assets placed in trusts are not required to go through probate.

Durable Power of Attorney

This document appoints someone to manage your financial affairs if you become incapacitated. It ensures that someone you trust is in charge of your finances and making decisions in your best interest.

Healthcare Power of Attorney

Similar to a durable power of attorney, this document designates a person to make healthcare decisions on your behalf if you cannot do so. It’s a crucial document to ensure your family follows your healthcare wishes concerning things like end-of-life care.

Beneficiary Designations

It’s vital to name beneficiaries for your retirement accounts and life insurance policies. Named beneficiaries receive the assets directly, bypassing the probate process.

Guardianship Designations

If you have minor children, it’s essential to name a legal guardian in case something happens to you. This ensures that someone you trust will care for your children.

Letter of Intent

Although not legally binding, a letter of intent can guide your executor or beneficiary about your wishes and instructions for your estate.

How We Can Help with Your Estate Plan

At Holth & Kollman, LLC, our trust attorney in New London and our estate planning and probate attorneys provide comprehensive assistance with your estate planning needs. Here’s how we can help you with your estate plan:

Drafting Essential Documents Drafting Essential Documents | Holth & Kollman, LLC Drafting Essential Documents | Holth & Kollman, LLC

Drafting Essential Documents

We can guide you in drafting key documents such as wills, trusts, powers of attorney, and healthcare directives. Our experience with these matters helps ensure that these documents are legally sound and tailored to your situation.

Updating Existing Plans Updating Existing Plans | Holth & Kollman, LLC Updating Existing Plans | Holth & Kollman, LLC

Updating Existing Plans

If you have an existing estate plan, we can review and update it to reflect any changes in your life circumstances, such as a marriage, divorce, the birth of a child, or changes in your assets.

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Navigating Complex Laws

Estate planning is governed by complex state and federal laws. We stay informed on the latest legal developments to make sure your plan complies with current regulations and maximizes your benefits.

Asset Protection Strategies Asset Protection Strategies | Holth & Kollman, LLC Asset Protection Strategies | Holth & Kollman, LLC

Asset Protection Strategies

We can help you implement strategies to protect your assets from potential creditors, lawsuits, or other risks, preserving your legacy for your beneficiaries.

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Estate Tax Planning

Our team can advise you on efficiently planning for and minimizing estate taxes, potentially saving you and your beneficiaries significant amounts of money.

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Guidance for Executors and Beneficiaries

We don’t just stop at creating your estate plan. Our estate administration attorney in New London can also offer guidance to your executors and beneficiaries, helping them understand and execute your wishes effectively.

Contact Our Connecticut Estate Plan Lawyers Today

The sooner you start creating your estate plan, the sooner you’ll enjoy the peace of mind that comes with knowing your legacy is secure. Call Holth & Kollman, LLC, to talk with a will and trust attorney today, or reach out online for a complimentary consultation.

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