Rhode Island Estate Planning Attorney

Rhode Island estate planning attorneys are easy to find in Providence, Harrisburg and Allentown. Filling out a simple form at Legal Match should bring responses from all over Rhode Island. Since the laws governing estates and probate in Rhode Island are complex, and since this is a specialty area of law, we hope you trust your financial planning to a trained expert only. A Rhode Island estate planning attorney is just that person.

Do you think all you need is a simple will and therefore do not need an attorney? That may be the case, and if so Legal Zoom might be able to help.

Since estate planning involves a lot more than just a will it is important to carefully examine your needs. Owners of large estates would want to take advantage of all the possible tax benefits. Learn more about taxes and your estate here. Arrangements for children are also an estate concern. You should appoint a guardian and if possible set up a trust for each child.

One of the most popular uses of an estate planning attorney is to set up your estate to not have to go to probate court when you pass away. It is possible for your entire estate to be passed on quickly and out of probate. Since there are many techniques that could be used, and they all have to be prepared properly, according to state law, these matters are best left to a professional. Bank accounts, life insurance policies, real estate, retirement accounts and trusts can all be reassigned without ever going through probate.

Gifting is another way to pass along your assets outside of probate. There are many tax benefits included with this also. Ask your Rhode Island estate planning attorney to explain the advantages of giving away money during your life, as opposed to leaving it all in your estate. There are limits, but if this is done yearly, a large amount of money can be successfully passed along, untaxed.

Hopefully you see the need to hire a Rhode Island estate planning attorney and get started on your estate plan. Sharing your finances with a complete stranger may be a little awkward at first. This is easier if you are working with an attorney you feel comfortable with, one who shows a sincere interest in you, your family and your finances.

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