Do you have a valid will in place or is your existing will updated? Oberst DeFala Law, PC has years of experience helping clients draft an estate plan and taking care of estate administration.

Ensure that your loved ones are financially stable even after your demise with sound estate planning. It's also important that you periodically update your will to include recent developments so that all your wishes are honored after your death.

Do you need to establish a Will?

If you have any assets in your own name:

•  Any type of savings
• Real estate
• Retirement accounts
• Collectibles
• A business
• Life insurance

Minor children or grandchildren

Adult children (whether married or single)

Significant debts and liabilities

Why Is it Important to Periodically Update Your Will?

• Include recently born children
• Update the current status of the named parties - name and location changes, death, marital status
• Update purchase or sale of real estate
• Track the need or lack of need for a trust fund if a named beneficiary has reached the age of maturity

Do you need to establish a Trust for your assets?

If you:

Have minor children – a testamentary trust is likely sufficient;

If you have children who are young adults or special needs, you might want to establish a living trust;

Some trusts help parties to avoid the taxes and fees associated with probate.

Trusts do help keep the details of your estate private, and may protect your property for certain beneficiaries