The Will, Health Care Directive and Power of Attorney are the
starting point for all estate planning, but there are typically four
additional levels to consider:
Traditional Estate Planning.
Asset Protection Planning.
Medicaid and Veterans Benefits Planning.
Estate Tax Planning.
Each level utilizes different legal documents including revocable
living trusts, irrevocable trusts for asset protection, irrevocable
trusts for estate tax planning, irrevocable trusts for special needs
planning, Limited Liability Companies, and many others.
If any of the following circumstances apply to you or appeal to
you, please consider scheduling a meeting to discuss your options
with one of our attorneys.
Want to avoid Probate
Do not agree with your spouse on the plan he or she wants
Have no family or friends you trust to carry out your wishes
Have children or other beneficiaries who do not get along
Are in a second marriage and either or both of you have children
from a previous marriage
Are concerned with your spouse remarrying after you die and your
assets going to people you didn’t intend
Have a beneficiary who is a spendthrift or unable to manage money,
is a minor, has a high risk of being sued, is in a bad marriage,
abuses drugs or alcohol, is disabled or likely to need long-term
care in the future, is currently receiving government financial
assistance benefits or has developmentally disabled children
Want to protect your assets from predators, future creditors,
lawsuits, unforeseen liabilities or from long-term care costs.
Are likely to need long-term care in the future or may lose a
spouse soon due to a terminal illness
Are thinking of retiring and want to ensure you have reviewed the
estate planning considerations with retirement or
Have enough assets that may subject you to federal or state gift
or estate taxes
The "Essentials Plan" does not necessarily achieve any of these
unique planning goals!