Your estate includes all of your assets or property which is distributed to your living relatives or heirs upon your death. Probate is the legal process in which a court oversees the distribution of these assets. The estates of people with or without wills go through probate. There are many ways to structure your finances so that significant assets pass outside the probate process.
A will is very important for parents with children who are minors since guardian arrangements are usually made in a will. There are also several types of taxes that must be paid on an estate including: federal estate, federal gift, state estate and state inheritance taxes.
Martin & Oliveira, LLP can help you and your family protect your assets, minimize estate taxes and smooth the transfer of your life's accomplishments to those you care about. Please
contact us to answer your questions.
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