Asset Protection and Peace of Mind

Although unglamorous, it is imperative to ensure that your assets are protected upon an accident leading to your incapacity or death. Estate planning ensures your family's future is protected, giving you peace of mind, no matter what happens.
By: PSP Compass Solutions
 
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Mitchiner Law
Mitchiner Law
DENVER - March 6, 2020 - PRLog -- Tom Mitchiner of Mitchener law creates customized estate plans for his clients, and primarily focuses on the four categories that are critical to establishing a foundation of security for an estate:

1. Asset Protection
2. Wills & Trust
3. Probate
4. Elder Law

Mitchiner Law implements asset protection to shield their clients from creditor claims, which are claims that can be filed against a person, even after they've passed.

Mitchiner also works with clients to set up Wills and Trusts. Wills are documents that detail who will receive property and assets of the deceased. Wills also allow for the client to appoint a legal representative to their assets in the event of their death- an additional layer of security and confidence that assets will properly be managed.

Trusts vary from Wills in a few important ways. Wills take affect after the owner has passed, but a Trust can take effect immediately. When clients set up a Trust, they will assign a "trustee", or a responsible party that will hold power over the "beneficiary" of that trust. Trusts can be structured in many different ways, but usually are set up with two beneficiaries. One that will receive money from the trust while the owner of the Trust is still living, and one which will receive the remainder of money from the Trust after the owner has passed.

Probate is a process in Estate Planning that ensures the appointed legal representative is given power to make decisions on behalf of the estate and will distribute the property of the estate to the proper beneficiaries.

Mitchiner Law also offers Elder Law practices, which are practices that ensure the elderly are covered when it comes to important matters such as health care, long-term care planning, guardianship, retirement, social security, Medicare/Medicaid, etc.

When searching for employment attorney denver co, elder law denver co, best attorney denver co, and best lawyer denver co, it is critical to ensure your estate will be properly set up by a law firm you can trust.

Sources:
- Probate Process. (n.d.). Retrieved from https://www.americanbar.org/groups/real_property_trust_es...
- Understanding the Differences Between a Will and a Trust. (2009, October 9). Retrieved from https://www.elderlawanswers.com/understanding-the-differe...
- What Does an Elder Law Attorney Do? (2019, July 2). Retrieved from https://elder.findlaw.com/what-is-elder-law/what-does-an-...

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Email:***@mitchinerlawllc.com
Tags:Estate Law
Industry:Legal
Location:Denver - Colorado - United States
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Page Updated Last on: Mar 26, 2020



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