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Outsourced Estate Planning Services

Estate planning services are professional services provided by attorneys, financial advisors, or estate planners to help individuals and families plan for the management and distribution of their assets upon death or incapacity. Estate planning involves making important decisions regarding the transfer of wealth, minimizing taxes, protecting assets, and ensuring that the wishes of the individual are carried out.

Here are some common estate planning services:

Wills and Trusts:

TLB’s estate planning professionals can help create a last will and testament, which outlines how assets will be distributed after client’s death. They can also assist in establishing trusts, such as revocable living trusts or irrevocable trusts, to manage and protect assets during client’s lifetime and beyond.

Power of Attorney:

TLB’s estate planning services can help you designate a power of attorney, a legal document that grants someone the authority to make financial or healthcare decisions on your behalf in case you become incapacitated.

Advance Healthcare Directives:

These documents, including a living will and a healthcare power of attorney, allow you to express your healthcare wishes and appoint a healthcare agent to make medical decisions for you if you are unable to do so.

Beneficiary Designations:

TLB’s estate planning professionals can assist in ensuring that your beneficiary designations on retirement accounts, life insurance policies, and other assets are up to date and aligned with overall estate plan.

Tax Planning:

TLB’s estate planning services can help minimize estate taxes, gift taxes, and income taxes through various strategies and tools, such as gifting strategies, charitable giving, and utilizing tax-efficient vehicles like trusts.

Business Succession Planning:

If you own a business, TLB’s estate planning services can guide you in creating a plan for the smooth transition of ownership and management to the next generation or a chosen successor.

Asset Protection:

TLB’s Estate planning professionals can help you protect your assets from potential creditors, lawsuits, or other risks through techniques such as the creation of trusts or the use of legal structures.

Probate and Estate Administration:

In the event of your death, TLB’s estate planning services can provide guidance and assistance to your family or designated representatives in navigating the probate process or administering your estate.

Estate planning is essential for everyone, regardless of the magnitude of their possessions. Wills and estate preparation may be a difficult and time-consuming practice since each client has distinct demands and requires various tactics. We can assist your in-house staff in providing world-class services to your end customer with any difficult will preparation assignment, as well as construct their family estate plans.

Why Outsource Estate Planning Services to TLB?

There are several reasons why law firms and attorneys might choose to outsource estate planning services to TLB:

Expertise:

Estate planning involves complex legal and financial considerations. By outsourcing to TLB estate planning professionals, law firms and attorneys can benefit from their expertise and knowledge in this specific field. Our estate planning professionals stay updated with current laws, regulations, and strategies, ensuring that your estate plan is comprehensive and effective.

Time and Convenience:

Estate planning can be a time-consuming and intricate process. By outsourcing to TLB, law firms and attorneys can delegate the tasks to professionals who can efficiently handle the paperwork, legal documentation, financial analysis, and other administrative aspects. This frees up time for law firms and attorneys to focus on other priorities in their lives.

Customized Solutions:

TLB’s estate planning professionals can tailor an estate plan to meet specific needs, goals, and circumstances. They can provide personalized advice, recommend appropriate strategies, and help law firms and attorneys to make informed decisions based on their unique situation. This personalized approach ensures that the estate plan is comprehensive and aligned with the objectives.

Risk Mitigation:

Estate planning mistakes or oversights can have significant consequences, both legally and financially. By outsourcing to TLB estate planning professionals, law firms and attorneys can minimize the risk of errors or omissions in their estate plan. TLB’s estate planning professionals have the knowledge and experience to identify potential pitfalls, ensure compliance with legal requirements, and provide guidance to protect assets and minimize tax liabilities.

Confidentiality and Privacy:

Estate planning often involves sensitive and confidential information about an individual's assets, beneficiaries, and family dynamics. By working with TLB’s trusted and professional estate planning professionals, law firms and attorneys can maintain a higher level of confidentiality and privacy compared to handling the estate planning process in-house.

Cost-Effectiveness:

While outsourcing estate planning services involves costs, it can be more cost-effective than hiring full-time professionals or relying on general practitioners who may not have specialized expertise in estate planning. By paying for the services on an as-needed basis, law firms and attorneys can access professional advice and assistance without incurring the ongoing expenses associated with maintaining an in-house team.

Continuity:

Estate planning is an ongoing process that requires periodic review and adjustments. By establishing a relationship with TLB’s estate planning professionals, law firms and attorneys can benefit from their long-term support and guidance. TLB’s estate planning professionals can help keep the estate plan up to date, adapt it to changing circumstances, and assist with any future changes or challenges.

TLB’s Estate Planning Services

TLB estate planning team can guide clients on the estate planning trusts and prepare all the relevant documents associated with them. The team is also well versed and has created many real estate planning models that can be easily accessed from a repository. The TLB estate planning lawyers can jot down all prospective points for the executor of the Will of Estate of a client so that there is no dispute in the future.

Here are some of TLB’s outsourced estate planning services:

Why choose TLB’s Estate Planning Services?

Outsourcing estate planning services to TLB can be beneficial for several reasons:

Expertise:

Estate planning involves complex legal, financial, and tax considerations. By outsourcing to TLB’s specialized estate planning professionals, law firms and attorneys can tap into their expertise and knowledge to create a comprehensive and effective estate plan.

Personalized Solutions:

TLB’s estate planning professionals can tailor the estate plan to suit the individual's unique needs and goals. They can provide personalized advice and recommend appropriate strategies based on the individual's financial situation, family dynamics, and long-term objectives.

Time-Saving:

Estate planning can be a time-consuming process, especially for those who are not familiar with the legal and financial intricacies involved. By outsourcing to TLB, law firms and attorneys can delegate the tasks to experts, allowing them to focus on other important aspects of their life and business.

Minimize Errors and Omissions:

Estate planning mistakes can lead to legal disputes, tax issues, or unintended distribution of assets. TLB’s estate planning professionals who specialize in estate planning can help minimize the risk of errors and ensure that the plan is legally valid and effective.

Keeping Up with Changing Laws:

Estate planning laws and regulations are subject to change. TLB’s estate planning professionals stay up-to-date with the latest legal developments, ensuring that the estate plan remains compliant with current laws.

Objective Advice:

TLB can provide an objective perspective on sensitive family matters and financial decisions, helping to mediate potential conflicts and ensuring fairness in the distribution of assets.

Confidentiality and Privacy:

Estate planning involves sharing personal and financial information. By outsourcing to TLB’s estate planning professionals, law firms and attorneys can maintain a higher level of confidentiality and privacy compared to sharing sensitive details with multiple parties.

Continuity and Support:

TLB can offer ongoing support, periodically reviewing and updating the plan as circumstances change, such as changes in tax laws, family situations, or financial status.

Cost-Effective:

Outsourcing can be more cost-effective than hiring a full-time in-house estate planner, especially for individuals with relatively straightforward estate planning needs.

Specialized Services:

TLB offers a wide range of specialized services, including tax planning, trust administration, and business succession planning, providing a comprehensive approach to estate planning.

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