Estate Planning Lawyer
Revocable living trust. Irrevocable living trust. Power of Attorney. The words themselves just seem a bit overwhelming and quite frankly, scary. Without proper planning and legal advice, your entire financial foundation can be gone in an instant.
Understanding the complexities of an estate is difficult and daunting.
Without the proper channels in place, however, this responsibility will fall onto the government. When this happens, you run the risk of your assets being distributed in ways that may cause more harm than good to all those involved.
What is an Estate?
While the modern myth is that an estate is something that is only accessible to the rich or retired, in truth, nearly EVERYONE has an estate. Your estate is composed of everything you own. Your cars, your home, your bank accounts, investments, life insurance, and personal possessions.
At its most basic, estate planning is simply the distribution of your estate. Good estate planning, however, should consist of much more. Good estate planning will provide instructions and care for not only underage children, but also family members who may be financially irresponsible or have special needs. It will minimize any court fees and taxes andprovide instructions on the transfer of your business upon your death or disability.
Why have an Estate Plan?
Perhaps the most important goal for an estate plan is peace of mind. Knowing that you have a proper plan in place not only ensures the proper distribution of your estate per your instructions, but it shows foresight and care into your family’s financial future and safety.
As the saying goes, “there’s no time like the present.” The world is an unpredictable place and procrastination may beyour worst enemy. Nothing is guaranteed. Will your family know where to look for your bank account information or be able to access your portfolio, should they need it? How much do you want allocated to your spouse and how much for your children? These are all questions that can be answered by taking the time to craft a proper estate plan.
Call us today at (800) 923-1776 to schedule a consultation.