Planning for Everyone You Love and Everything You Have
Do you know what would happen – to you, your loved ones, your money and everything else you care about – if something unexpected happened to you?
Even if you have an estate plan and it’s out of date, your assets could fall under control of your estranged relatives or former spouse, lost to the State Department of Unclaimed Property, or tied-up for years in an unnecessary Court process.
If you don’t know what would happen for everyone you love, then the first step is to review your current plan or, if you don’t have an estate plan, to determine what would happen to your assets and your loved ones if something happens to you.
How Do We Help You With Estate Planning?
Your estate planning process starts with the Family Wealth Planning Session. We conduct a Family Wealth Planning Session where we spend time together and discuss your personal goals, concerns, and family situation. Before your Family Wealth Planning Session, you will complete a Family Wealth Inventory and Assessment, which will help you to get a clear picture about what you own and what you have to think about when it comes to planning for the well-being and care of your loved ones and personal belongings. If you decide the current state of affairs is unacceptable, and if we both decide that it’s a fit to work together, then we can design an estate plan together that will best suit the needs of your family.
The foundation of your estate plan will often include a revocable living trust; you transfer your property into this trust for your benefit during your life. One of the benefits of a revocable living trust is that, when done correctly and maintained over time, your estate plan should help your family to avoid the cost and delay of probate, avoid publicity, and minimize your overall administrative costs.
Can I DIY My Estate Plan?
Although the most basic plans may, indeed, be done DIY or through cheap on-line legal services, the most family situations require a more advanced planning. Such estate planning is little more than word processing. You are asked a few questions and then a drafter decides which “plan” is right for you, and fits you into a template. This is not estate planning; it is little more than a “search and replace” of your family’s name and then a hit of the “print” button which spits out form documents.
We Are Professional Estate Planners
Your Personal Family Lawyer® at Lexern Law Group will educate you, take the time to get to know you, your family, your concerns, your goals and will patiently answer all your questions to produce an estate plan that is exactly right for you and will keep your loved one’s out of court and out of conflict.
If you are a family with young children, then your estate plan should begin with a foundation that ensures your children would always be taken care of, no matter what happens. At our firm, one of our areas of greatest expertise is protecting minor children.