Estates and Probate | Estate Planning | Last Will and Testament
Montgomery County, PA Will Lawyer
The Martin Law Firm is a Montgomery County, PA estate planning law firm. Attorney Jason B. Martin is a Will lawyer who handles Will drafting as well as all other estate planning needs for individuals, couples and families who reside in Montgomery County, PA. The Martin Law Firm also provides estate planning services to those who reside in other nearby Pennsylvania counties.
Pennsylvania Last Will and Testament
A Last Will and Testament, commonly referred to simply as a “Will,” is a written declaration of a person’s intentions for the distribution of his or her property upon death. A Will directs how and to whom a deceased person’s property is to be distributed and is often the cornerstone to a PA estate plan. A Pennsylvania Will can be changed as often as necessary during your lifetime.
Why have a Will?
There are many advantages to having a Will in Pennsylvania.
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A properly executed Will serves as legal assurance that your personal wishes for asset distribution will be honored, including specific bequests and disposition of the remainder of your estate.
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If you die without a Will in Pennsylvania, PA state law will dictate how and to whom your properly is distributed, and the assets may pass to those you do not intend to benefit. For example, if a husband dies without a Will in Montgomery County, Pennsylvania, and he is survived by his wife and children, the surviving spouse will only get the first $30,000 plus one-half of the balance of the husband's intestate estate.
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You can name who you want to be guardians of your minor children and their property. Without a Will, a court will appoint a guardian.
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You can designate charitable or religious gifts.
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You can name a personal representative/executor to administer your estate.
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You can identify and implement tax savings strategies if your estate is subject to federal estate tax.
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You can establish trusts for children which will specify how the trust assets, including principal and income, will be used such as for the child or children's health, maintenance, support and education. In addition, the trust can specify when the remaining principal will be distributed to the child.
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You can name Trustees. Trustees wil be responsible for investing trust assets and using trust income and principal for the benefit of the children.
Why use a Will lawyer?
Lawyers who regularly handle estate planning and Will drafting can prepare a comprehensive document that carefully considers many issues. For example, most people who decide to prepare their own Will may not fully understand the impact of federal and PA state taxes. For those with minor children, a trust should be carefully considered since passing assets outright to minors may lead to the child or children having full access to the estate when they reach the age of 18. Most "canned" Wills do not provide trust provisions. The cost to have a Montgomery County, PA Will lawyer prepare a proper Will is well worth the peace of mind that will result.
What is the cost to prepare a Will?
The Martin Law Firm usually charges a flat fee for preparing a Will along with your other estate planning documents, such as a Durable Power of Attorney and an Advance Health Care Directive (Living Will and Medical Power of Attorney). Our fee structure typically depends on whether tax planning must be incorporated into the document. If not, preparing a "simple" Will by a Martin Law Firm Will lawyer is fairly inexpensive. Our Will lawyer will provide you with a quote during your free consultation. Schedule your free consultation.
Will Lawyer | The Martin Law Firm, P.C. | Montgomery County, PA
Attorney Jason B. Martin is a Montgomery County, PA Will lawyer who has drafted hundreds of Wills for individuals, couples and families throughout Pennsylvania. Your Will deserves expert advice and trusted counsel from an experienced PA Will lawyer. Creating a Last Will and Testament is important to protecting your family, streamlining the Pennsylvania probate and estate administration processes and preserving your family’s wealth.
Contact The Martin Law Firm today to schedule an appointment with an experienced Montgomery County, PA Will lawyer.
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