Coronado Law Office

ESTATE & TRUST PLANNING INFORMATION CENTER

ESTATE & TRUST PLANNING
INFORMATION CENTER

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Estate Planning

Estate planning is the creation of a definite plan for managing your wealth while you’re alive and distributing it after your death. These assets may be owned by you separately or jointly with others.

Estate planning is the preservation and the distribution of your assets, both during your life and upon your death. It is accomplishing your personal and family goals and easing the management of your financial and legal affairs, as well as minimizing taxes if your estate is large enough for taxes to be of concern. When we talk about an estate, we mean all assets of any value that you own, including real property, business interests, investments, insurance proceeds, personal property and even your personal effects. An “estate plan,” generally, refers to the means by which your estate is passed on to your loved ones on your death. Estate planning can be accomplished through a variety of methods, including:

  • Revocable Living Trusts
  • Last Will and Testament / Probate
  • Lifetime Gifting
  • Joint Ownership
  • Beneficiary Designations
  • Life Estates

Problems often arise when people don’t coordinate all of these methods of passing on their estate. If you have a well-drafted estate plan in place, you will ensure that your estate passes to whom you want, when you want, and is carried out in the manner you’ve chosen. You can rest assured that your family won’t have to endure the public process and costly matter of probate. The government won’t be able to take what you’ve spent a lifetime building. But you need to be aware of the many options that exist in estate planning – and you must choose your estate planning attorney wisely.

We offer a wealth of free information and free estate planning seminars in our area. Read our Estate Planning Articles or join us for a free Estate Planning Seminar.

We want you to feel confident about the choices you make – let us be your guide on the path toward preserving your family’s future.

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Coronado Law Office, PLLC

4 weeks ago

Coronado Law Office, PLLC

An oldie, but goodie. … See MoreSee Less

An oldie, but goodie.
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Happy thanksgiving 🥰

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2 months ago

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Coronado Law Office, PLLC

3 months ago

Coronado Law Office, PLLC

Operation Medicine Cabinet, October 24, 2020 from 10:00 am to 2:00 pm in different locations throughout the region. Make sure to drop off your expired medications and sharps.Several locations in our area will be collecting expired and unused medications on October 24 from 10 a.m. to 2 p.m. Medication collected will be safely disposed of. Mark your calendars so you don’t forget to take advantage of this great service! … See MoreSee Less

Operation Medicine Cabinet, October 24, 2020 from 10:00 am to 2:00 pm in different locations throughout the region. Make sure to drop off your expired medications and sharps.
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Coronado Law Office, PLLC

3 months ago

Coronado Law Office, PLLC

I’m excited to be attending the American Academy of Estate Planning Attorneys 2020 Fall (virtual) Summit the next 4 days! … See MoreSee Less

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Coronado Law Office, PLLC

3 months ago

Coronado Law Office, PLLC

Another great article by Steve Harnett, Director of Education, American Academy of Estate Planning Attorneys, Inc. This one directly impacts my friends and family born in Puerto Rico. Please pay special attention!

www.aaepa.com/2020/09/puerto-ricans-are-unique-as-is-estate-planning-for-them/?utm_campaign=Acade… … See MoreSee Less

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Puerto Ricans are Unique, as Is Estate Planning for Them –

www.aaepa.com

Puerto Ricans living in the U.S., their taxable estate includes their worldwide assets, no matter where their assets are located.

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Coronado Law Office, PLLC

3 months ago

Coronado Law Office, PLLC

Great advice from Steve Hartnett, Director of Education, American Academy of Estate Planning Attorneys. I would also add the need to have a Legal and Financial Durable Power of Attorney. Everyone over the age of 18 should have these documents.

www.aaepa.com/2020/10/staying-current-is-especially-important-in-the-pandemic-2/?utm_campaign=Aca… … See MoreSee Less

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Staying Current is Especially Important in the Pandemic

www.aaepa.com

In today’s pandemic, it’s more important than ever to make sure your estate planning documents are current.

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Coronado Law Office, PLLC

6 months ago

Coronado Law Office, PLLC

This is a great resource in our community for those who have family members, young and old, who tend to wonder. Although the post is from Stafford county, this resource is also available in other counties/cities. … See MoreSee Less

Stafford County Sheriff's Office Project Lifesaver

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Coronado Law Office, PLLC

7 months ago

Coronado Law Office, PLLC

I just spoke with Amazon about the email below and it was not sent by Amazon. I am posting this in case anyone else receives an email such as this! BEWARE! The email address that it came from is not an email Amazon domain. Call before clicking anything this season! … See MoreSee Less

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