Depending on the total value, the number and various asset types involved, along with the number of beneficiaries and who they are in relation to yourself, Wills can range from very simple to extraordinarily complex. Regardless of these factors, the fact remains that it is extremely difficult to face these issues head on. After all, when you and your family use the plan that we put into place, you will no longer be here and that is scary to even think about and is why it is so common to put something like this off for as long as possible.

Similar to life insurance, developing an Estate Plan leaves a final impression to those important people who survive you. It showcases to them that you not only thought about them while you were here, but also after you pass away. It also gives you the authority to distribute your assets where and to whom you see fit.

There is not a clear answer to this though. Its also important to note that as opposed to life insurance, which not everyone needs due to varying financial situations, everyone truly does have something to leave behind. Attorney Martin has designed Estate Plans for a wide variety of cases with key elements differing in assets involved and clients’ personal desires of what to leave and to who. Some prefer to leave everything to their children all at once, focusing solely on minimizing the tax exposure in order to maximize the inheritance, others feel the best option is to ensure their descendants are protected from themselves and secure a life long, even generational allotment that cannot be spent down in a matter of years and develop a Trust instead. There are not two Estate Plans that are the same and there are many ways to go about designing a plan for your unique needs, considering your unique family members and their characteristics, charitable organizations and surviving business partners.

Estate Planning for Special Circumstances

You might have a business that you own or are a partner in. What happens to that business when you pass on? With careful estate planning, you can know that the process will go smoothly, that your wishes will be honored, and that the business will continue to serve its customers as it did when you were alive. Or, you might have a child with disabilities. We can create a trust for your special needs child that will protect assets you set aside for your child’s care without jeopardizing their right to receive benefits from the government. No matter what circumstances you find yourself in, our estate planning lawyer can help you ensure smooth sailing after you are gone. Set up a consultation with our legal team today.