True estate planning is a means of defining personal values. Your legacy tells the story of your life and all that you have accomplished. Who you pass your legacy on to is a way of illustrating not only who you care about, but who you trust to shape the future with everything you have worked to build. Estate planning allows you to prioritize what you cherish most and to determine how you’d like it to be cared for in the years to come. It is imperative, then, to ensure not only that your financial resources are protected, but that you and your loved ones are empowered along every step of the way.
Secure Your Finances
By preparing for your passing in advance, you are able to shelter your family from unforeseen financial hardships. Inherited vehicles, real estate, bank accounts, investments, life insurance and personal possessions are all subject to state probate taxes and legal fees, potentially placing a burden on those you love most. Proper estate planning under the guidance of a seasoned attorney can ensure that your finances are budgeted effectively and that your family is left without any unnecessary stress.
Care for Those You Love
In addition, estate planning allows you to control how your beneficiaries are cared for once you’re gone. Without a documented plan, the state has a right to decrease funding for those on government subsidies, such as disability, when they receive an inheritance. Unless otherwise specified by the benefactor, the government will also seize control of all inheritances for minor family members. Don’t be one of the many who has fallen into these traps due to poor planning. You deserve to have a say in how your loved ones are provided for.
Conserve Your Business
Furthermore, if you have worked to establish a business, it is your right to solidify that it is passed on to those you trust. Estate planning is the easiest way to foster a handoff in ownership. My background in business entity formation has provided me with a solid understanding of business law and acumen, and I am confident that I can assist you in facilitating a smooth transition.