Estate Planning and Incapacity Planning

Estate Planning, Wills, and Trusts

Estate planning is so important yet so often overlooked. Many think they need to have a certain level of wealth to need an estate plan, but everyone needs a plan to some degree. A proper estate plan will not only express your wishes for how you want your assets to be divided and disbursed after your death, but will also make clear your medical decisions should you become incapacitated. Estate planning and incapacity planning are tough subjects to approach, but with the right thought and care, you can be reassured that you and your loved ones are well protected. With so much on the line, we are here to help with your estate planning and incapacity planning and will guide you through the process.

Estate Planning

Planning for how you want your assets disbursed or managed after your death, there is so much thought that should go into a proper estate plan. We will help you to name beneficiaries and your executor. Along with disbursement of your assets, we will guide you through the most responsible ways to utilize tax exemptions to keep your wealth in your family. Having a proper estate plan will ensure your loved ones can avoid the lengthy, costly, and public process of probate, keeping your wealth in your family and your legacy intact. Aside from your money and property, we will also help you with legacy planning. We can create legacy videos to leave your family, help with your life story, or even a moral code in which you want your family to carry on.

Wills and Trusts

Many think that a simple will is all they need at the end of their life to properly allocate what they want done with their assets. While this may be the case for some individuals, there are many times in which you need more than just a will. A will is only enacted upon your death. If something happens while you are still alive, you will need more protection. We will help you to learn the differences between a will and a trust and help you decide what is the best option for you and your family.

Incapacity Planning

An estate plan may not only be useful after your death. Many don’t realize that they need a plan in case an accident happens and incapacity planning is so important for every person. If you become unable to make decisions for yourself and your family, what would happen? Your incapacity planning will include your healthcare decisions, should you become unable to express them yourself, and also naming people you trust to become your advocate should you need someone to be your voice. With proper planning you can make decisions for your healthcare and your family to help prepare for the worst.

Let Lexern Law Group help with Estate Planning in all of these different areas.