Families with Children
Estate Planning for Families
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Whether such inheritance consists of real property, a family business, or an investment account, most parents want to make sure that their assets they have worked hard to acquire are distributed wisely amongst their children or other beneficiaries. Most parents are aware that the proper way to ensure this is by establishing a living trust. A properly structured and funded living trust will keep your financial affairs privately managed by a trustee you select, rather than going through probate proceedings which are both public and costly. Somehow there is still a misconception that a living trust is only for people of a high net worth. A living trust really is for anyone who wants to remain in control over what happens not only to their assets when they
pass, but more so how this will affect their posterity. The process of deciding how to leave your assets has less to do with money and more to do with passing on important life lessons, values, and avoiding conflict. Just like each child is unique in the eyes of their parents, so should the planning for the remainder of their lives. Estate plans are not all created equally, and if you do not tailor yours to your specific circumstances you may end up in an unfortunate situation. Because each family situation is unique, our attorneys will take the time to consider your individual situation and the possible solutions to your questions and concerns.
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Whatever your worries may be, from protection of family assets to naming potential future guardians for your loved ones, we can help. Our estate plans are tailor-made to your individual family situation, and will address each issue you hope to solve. For a complimentary estate planning consultation, contact our offices today!
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