Sussex County Wills Lawyers
At the Law Office of Larry W. Fifer, wills and trusts form an integral part of our estate planning practice.
A will is an important estate planning tool that allows people (regardless of net worth) to nominate guardians, designate to whom specific gifts will go, direct assets and choose an estate administrator upon death. When a person dies without a will, the laws of intestacy/intestate succession may prescribe to whom his or her property will pass and the decedent’s wishes may be compromised — assets or funds may go to a party whom the decedent did not wish, such as an estranged relative.
Although a will is an extremely important tool that defines the specifics of a decedent’s wishes, it does not allow the beneficiaries of an estate to avoid (the costs and time of) probate. A trust can allow a trustee to maintain control over assets without the involvement of the court as he or she manages and distributes them to the designated beneficiaries. Depending on the situation, a trust can be the foundation and core component of a well-crafted estate plan, or it can serve a supplementary role, addressing elder law and special needs concerns.
If you and those close to you need information and assistance establishing wills and/or trusts, we can bring our more than 40 years of experience to help you protect and preserve your assets for you and your family. This may include:
- Tax avoidance
- Protecting assets while not interrupting public benefits
- Avoiding probate
- Medicaid planning
Our lawyers will work directly with you to understand your unique needs and circumstances; from there, we can prepare the documents that best suit your particular situation, including:
- Living Wills/Advance Health Care Directives
- Revocable Living Trusts
- Irrevocable Trusts
- Third-Party Special Needs Trusts
- OBRA Special Needs Trusts
- Children’s Trusts
- Credit Shelter Trusts (AB trust)
To schedule an initial consultation with our Sussex County, Delaware, wills and trusts attorneys, call 302-644-3668 or email the Law Office of Larry W. Fifer.