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Estate Planning Lawyer in Puerto Rico

What is estate planning?

An estate plan is created when a person desires to control how their estate is divided after they pass. An estate consists of everything you own, such as a home, other real estate, vehicles, paintings, and anything else you may possess. Savings accounts and life insurance policies may also be included in an estate plan, if you wish to have them specifically divided amongst beneficiaries. An estate plan may also help minimize or eliminate estate taxes, if certain types of trusts are established. If you do not have an estate plan, or any of the documents that are included in an estate plan, such as a will, the Puerto Rican court will determine how your estate will be divided according to their laws. In order to avoid the division of your estate in court, contact our probate attorney in Puerto Rico at the Law Office of Sylvia C. Lugo-Sotomayor today!

Purpose of Creating an Estate Plan

Too many people do not create an estate plan, which can lead to unnecessary stress and conflicts between family members after their loved one's death. Estate planning is ideal for those who own any type of property or asset, or for families who have young children or incapacitated loved ones. A parent can elect a guardian in their estate plan, so their children or disabled loved one may be cared for by a person the parent trusts. You may also construct a power of attorney or create a living will, in the event that you become unable to make your own medical decisions. An estate plan may also allow a person to plan for possible long-term care options, as well as prepare funeral arrangements. An experienced lawyer may also advise you in setting up life insurance, disability income insurance, and long-term care insurance, so you and your family may receive the help and compensation needed in any of these situations.

San Juan Estate Planning Attorney

The lawyers at our firm have over two decades of probate and estate planning experience. We have helped hundreds of clients in the past create custom estate plans. Estate plans are not only useful for those who create them, but they are useful for their families and loved ones, as well. A proper estate plan may eliminate the probate process, and minimize or eliminate estate taxes. Please contact our firm if you wish to prepare for probate by creating an estate plan.

Law Office of Sylvia C. Lugo-Sotomayor - Probate Attorney in Puerto Rico
# 7 Bayamon Street,
San Juan PR 00918
Phone: (787) 390-9140

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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