Estate Planning and Administration

Estate planning involves preparing for the management and transfer of an individual’s assets and responsibilities after their death or incapacitation. In the context of elder law, it ensures that seniors have a clear plan for their healthcare decisions, financial matters, and distribution of their estate. Administration refers to the process of executing that plan, which may include settling debts, distributing assets, and handling legal requirements like probate. Effective estate planning can minimize taxes, avoid disputes, and ensure that a person’s wishes are honored, providing peace of mind for both the individual and their loved ones.