One of the most satisfying and professionally fulfilling occupations an attorney can pursue is estate planning and elder law. Consider a practise environment in which your clients value your expertise and treat you with kindness and courtesy. They promptly pay your fees and rave to their mates about how much they enjoyed working with you and your company. Around the same time, you’re rarely up against a deadline, let alone an adversarial attorney on the other side of the case trying to outwit you. In the vast majority of cases, you are working as a counsellor at law (trusted advisor) rather than an attorney at law (professional representative). For more details click Honolulu Estate Planning.
We speak with clients every day to discuss their lives and families, as well as to resolve their worries and concerns. We craft elegant solutions to the age-old problem of moving assets from one generation to the next as easily and painlessly as possible using our expertise, training, experience, and creativity. At the same time, to the degree permitted by statute, we aim to shield those funds from being drained by taxes, legal fees, and nursing home costs.
The end result of this process is a client who feels protected and comfortable in the knowledge that they are covered in the event of death or disability. They can get on with the business of living their lives now that they have peace of mind that their future is well-planned and in good hands. A happy and pleased client has been introduced to the attorney’s practise, and a potentially lifelong and mutually beneficial partnership has begun. Let’s take a look at the policies and tactics we use to achieve this enviable situation.
One of the ways we assist clients is by establishing a detailed plan that allows them to escape legal proceedings in the event of death or disability. For older people, trusts are used instead of wills because they do not require legal proceedings to resolve the assets. A trust also avoids the ancillary probate process, which is necessary for property owned in another state. This saves the family time and money when it comes to settling the estate, as well as the high costs of legal fees.