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Milton Estate Planning Lawyer

Guiding Clients in Sussex County Through Estate Planning

The usefulness of a well-developed estate plan isn’t limited to people with vast amounts of wealth. Estate plans focus giving you and your loved ones control over your assets and wishes. Finding an estate planning attorney to draft a thorough plan is key to securing the future of your loved ones.

At Adkins Law Firm, I, Jason W. Adkins, will help you ensure your assets do not fall into the wrong hands. I will use my years of experience in estate law to prepare a plan to protect you in the long term. Your comprehensive estate plan will make the wealth you accumulated throughout the years work for you and those who matter most.

To schedule an initial consultation about your estate planning or probate case, call me at (302) 505-5773 or contact us today.

Understanding Estate Law in Delaware

In Delaware, when a person dies, becoming a decedent, their property and assets are subject to probate administration. The probate process determines how the decedent’s estate is distributed, relying on documents such as their will.

Without a valid will or other specification, probate courts will distribute the decedent's assets to beneficiaries according to state intestacy succession law. Nearly all states have intestacy laws that prioritize inheritance for your closest relatives, such as children or your spouse. Delaware state law also includes specific inheritance stipulations for half relatives and relatives born after the decedent's death.

Probate can be a complicated and drawn-out process. That is why it is recommended to consult with an experienced estate planning attorney from Milton for organizing your estate.

How to Create an Effective Estate Plan

An effective estate plan minimizes exposure of your property and assets to state probate and intestacy laws, as well as estate tax.

Your comprehensive plan could include the following estate planning documents:

  • Wills
  • Living trusts
  • Jointly Owned Property
  • Retirement Accounts
  • Life Insurance Proceeds and Annuities
  • Living Wills and Advanced Health Directives
  • Special Powers of Attorney

Certain property and financial instruments allow ownership to revert to a joint-owner or named beneficiary automatically. Further, living wills, advanced health directives, and special powers of attorney can ensure someone you trust has the power to make decisions on your behalf if you are incapacitated.

Create a Trust with an Estate Planner in Milton

An estate planning lawyer can organize your property into trusts, accounts, and financial or investment products such as life insurance policies and annuities.

Trusts can protect a substantial portion of your property and assets from creditors and probate when you pass away. When you place your property into a trust (trust property), you no longer own that property. Under the contract creating the trust, a designated trustee has control over trust property.

Some types of property that can be protected by a trust include:

  • Real property, including mortgaged houses
  • Personal property, such as art, furniture, or valuable collections
  • Intellectual property and other business interests
  • Non-retirement investment accounts

While you are alive, you can act as the trustee of your trust property for your living trust. When you die, any named successor trustees will be responsible for administering the property held in a trust.

Call (302) 505-5773 for Thorough Estate Planning Services!

Are you worried about how your property and assets will be divided after you pass away? Let us help you start planning your estate today. Your family will be grateful for it.

Turn to Adkins Law Firm, P.A. for a case evaluation with an estate planning attorney in Milton. I have years of experience and am ready to help you.

As your Milton estate planning lawyer, I am here to provide sound legal advice. Contact Adkins Law Firm online or call our Milton law office at (302) 505-5773 today!

Why Choose Attorney Jason Adkins?

We Communicate with Clients with Integrity & Clarity
  • Practical Counsel

  • Honest Representation

  • Reasonable Rates