There is mystery and confusion surrounding Estate Planning Carlisle since most people associate it with death. This wrong notion held does not consider instances where you may get disabled or incapacitated.
It is for this reason that you need the expertise of Neil E. Hendershot to assist you in the drafting of a trust whereby, you will specifically appoint a person to manage your affairs by following clearly laid down instructions that you provide.
He specializes in estate administration, estate planning, probate litigation, trust administration, business succession and elder law. He graduated from the Bucknell University in 1973 and attended the Dickson School of law of the Pennsylvania State University in 1976. He is a member of several professional associations, a renowned publisher and lecturer.
These educational qualifications will go a long way in ensuring that you receive the best advice, in order to get the full benefits of estate planning Carlisle. These are discussed below.
This process gives you peace of mind because you are assured of having left your affairs in order to cater for the needs of your loved ones.
In the unlikely event of your demise, the plan offers protection against lawsuits, divorce and creditors claims.
You can include contingencies which encourage certain behavior of your heirs in order to get a portion of your inheritance which will improve their living standards. An example is bequeathing your company to your son or daughter, only when they have completed college or married.
It allows the passing of the estate to your beneficiaries by eliminating the lengthy process of probate.
Estate planning Carlisle caters for special needs beneficiaries, by ensuring that they do not lose government assistance if they receive their inheritance.
If properly drafted, there is reduction or elimination of income taxes, capital gain taxes and estate taxes.
In the unlikely event of your death, your spouse may get married to someone else who has children of their own. By proper estate planning attorney in Carlisle, you can protect the inheritance of your children and still provide for your spouse.
This means that the other children your spouse has acquired as a result of remarrying do not have a legal claim to your estate.
