Estate Planning is basically planning out what you want to happen when you pass away.It is about making sure that your children and anyone you leave behind have the best possible future. It's not just about money; it's also about securing their well-being, ensuring that they have a good education and are equipped to thrive in an uncertain world.It usually includes 3 basic documents; a Will, a Power of Attorney, and an Advanced Healthcare Directive. It can also include a Trust and other Intergral Documents.
With estate planning, you can:
NAME YOUR CHILD’S GUARDIAN
You can name someone who will care for the kids when you are unable. Your plan can account for both your death and incapacitation, so even if something happens to their mother or father, they won't be left without protection.
SECURE YOUR CHILD’S FINANCIAL FUTURE
Depending on your estate and your children's needs, you may be able to future-proof their finances. With a trust, you can better control their money.
PROTECT YOUR LOVED ONE’S ASSETS
A strong plan does more than just distribute wealth to your beneficiaries. It can also establish restrictions and designations around your finances based on your wishes/desires.
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Talking with your attorney as you go through the different phases of life, and reviewing your plans after certain key life events, including marriage, the birth of a child, divorce or the death of a spouse, and a significant increase or decrease in assets; may help family members and beneficiaries in fulfilling their responsibilities to the decedent.
If you or a loved one are ready to safeguard not only your assets, but the overall well-being of every person touched by your estate after your passing, our estate planning attorneys take pride in guiding clients through the important process of protecting their families and their assets. Let us help you file start this process.
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