Everyone, regardless of wealth or status, has an estate. Your estate encompasses assets and possessions that you call your own and that will need to go somewhere when you die. Establishing a plan is perhaps one of the most basic, and under-exercised, inviolable rights you possess. Generally, you have the freedom to determine absolutely where your “stuff” will go. The process of determining what your assets are and how they will be distributed is called estate planning.
Some considerations in planning your estate may include:
- Elder planning
- Medicaid and retirement benefits planning
- Estate and gift tax planning
- Probate/Estate administration
- Asset protection planning
- Trust creation and administration
- Business succession
- Prenuptial and property agreements
- Special needs trusts
April Burt believes that a solid plan for end-of-life should be based on your values solely, and will provide clear answers to your questions. You may have wondered:
- Who will receive your money and possessions? When? How?
- Do I want to leave a legacy with a favorite charitable organization? How do I do this?
- If I own my own business, what will happen to it?
- Who will take custody of my dependent children and/or provide for family members with special needs?
- If I become disabled, how do I want to be cared for?
- Who will make decisions about my financial and legal affairs, should I become incapacitated?
- Who will make health care decisions if I am not able to advocate for myself?
- What sort of funeral or memorial service do I want and how will this be paid for?
- Who will make sure the terms of my will are carried out successfully?
- How can I minimize the debts, taxes, court costs and legal fees that my heirs might encounter if I am incapacitated or after I am gone?
We know these aren’t easy questions to explore and it’s hard to know where to start. Call Burt Langley to schedule a convenient, FREE initial consultation with attorney April Burt, and she will help you find the answers that are right for you and your family.