The attorneys at Giampolo Law Group are experienced in assisting clients with estate planning (specifically, in preparing or revising wills, trusts, and the other essential documents such as powers of attorney and hospital visitation forms). Estate plans are necessary at any stage of life, more so when individuals form a relationship or family unit. Estate plans protect assets and provide for loved ones, as well as establishing the rights and powers of others to act on your behalf. Directives and trusts providing for pets are also commonly used to ensure that your animal companion is taken care of if an accident or other life-changing event occurs.
Since the Obergefell ruling made marriage equality the law of the land, LGBTQ couples are entitled to equal dignity under the law. The marriage equality ruling drastically changed the legal landscape for LGBTQ couples, and Giampolo Law Group is experienced with what those changes mean for estate planning. GLG can help you establish or reorganize your estate plan to address your concerns while accounting for the complexities in state and federal laws relating to property ownership, gifts, health insurance, and inheritance taxes for the LGBTQ community.
A properly structured trust will avoid putting your loved ones through the expensive, lengthy, and emotionally draining court probate process. Moreover, you can prevent some or all of your assets from being subject to estate tax upon your death, allowing more of your estate to be enjoyed by your loved ones.
A Pet Trust is identical to a trust set up for a human being. As the “Grantor,” you fund the trust to care for your pet for his or her expected lifetime. You select a “Caregiver” who will provide the day-to-day nurturing of your pet in your absence. And, if you wish, you can choose a “Trustee”, whose responsibilities are to manage the funds of the Pet Trust and make payments on a regular basis to your pet’s caregiver.
Lastly, estate planning allows you to provide for any charities or other worthwhile causes, while simultaneously receiving estate tax benefits. With proper estate planning, you can be certain that your loved ones will be protected after you’re gone.