West Chester, PA -- (SBWIRE) -- 11/11/2019 -- At Carosella & Associates, our wills and trusts lawyers provide comprehensive estate planning services that help clients plan for the future, protect their assets and ensure that their wishes are carried out after their passing. Wills and trusts are vital estate planning tools that can save families the hassle of having to go through probate, which can be a long, drawn-out process. A will also serves the important purpose of naming a guardian for minor children. Our wills and trusts attorneys also create important documents that should be in place in the event of a client's incapacitation, including: health care powers of attorney, durable financial powers of attorney, mental health care powers of attorney, and living wills (advance health care directives).
Certain types of trusts can help provide for loved ones and maximize their inheritance by avoiding probate and minimizing estate taxes. Trusts may also prevent the courts from controlling assets if a person becomes incapacitated. Special needs trusts are created for beneficiaries with physical or mental disabilities who lack the capacity to manage their own finances, and can ensure that a beneficiary won't lose government assistance such as Medicaid and SSI due to their inheritance.
For entrepreneurs, business succession planning is an important part of estate planning. Effective business succession planning can mean the difference between a business thriving or going under after an owner passes away or exits the business. Our wills and trusts lawyers work collaboratively with our business attorneys to create effective, personalized business succession plans for clients who own small, mid-sized and large businesses. Regardless of the size of a business or estate, our legal team is committed to helping clients find creative, practical solutions that meet their specific estate planning needs.
About Carosella & Associates
For more than 20 years, the dedicated team of attorneys, paralegals, firm administrators, administrative assistants and legal secretaries at our West Chester law firm has provided top-quality legal representation for matters in myriad aspects of the law. Several of our attorneys at Carosella & Associates are licensed to practice law in both Pennsylvania and New Jersey. For more information visit carosella.com.