Estate Planning
Everyone over 18 needs some kind of estate plan. An estate plan is: anything you do to protect yourself and your family, when you no longer can- it makes a safety net for you and them. It makes sure your assets go to who you want them to go to the easiest and least expensive way possible.
Whether you know it or not, you already have an estate plan, one decided by the state, which will dictate who will receive your assets and care for your minor children. By proactively creating an estate plan, you avoid the risk of the courts deciding for you when you are gone.
Here are your options —
1| Do Nothing – What happens?
The state decides for you. Assets are distributed pursuant to state laws and guardianship of your children is determined by the judge.
2|Create a safety net - make an estate plan
Name a guardian for your minor children, save a lot on taxes, fees and time. Make sure your family gets your assets when and how you think they should, and keep the money out of the hands of greedy ex-spouses, creditors, nursing homes, or kids that are too young to handle large amounts of money all at once. Avoid having to go to court if you become incapacitated or die, and make sure your end of life decisions are made known.
Estate Planning Services
- Drafting new and updating existing wills, trusts, healthcare proxies/powers of attorney, HIPPA release andemergency guardianship forms
- Advance healthcare directives/living wills
- Assistance with funding your trusts
- Tax planning strategies
- Probate avoidance
- Asset protection in divorce situations
- Medicaid asset protection
- Special Needs Trusts
- Insurance Trusts
- Gift Trusts
- Guardianships/conservatorships
- Planning for the care of minor children
- Planning for businesses
- Planning for out of state property