Estate Planning with Legacy Assurance Plan
It’s important to understand that the term Estate Planning is universal in its meaning. It literally has various meanings to different people based on unique circumstances or experiences. Nonetheless, at its most basic, planning involves the process of planning for one’s incapacity and/or eventual death. But don’t be fooled, planning involves much more than just having a will. A will is simply not enough to protect you from the legal processes of probate, guardianship and Medicaid qualification.
Today there are a multitude of legal instruments and tools that can be used for planning: wills, living wills, powers of attorney, trusts, deeds and beneficiary designations, to name a few. When you create a plan with Legacy Assurance Plan, you get to decide the best way to carry out your legacy.
Last Will & Testament
Nationwide, approximately 60-70% of Americans have no estate plan. No last will and testament, no trust, no legal documents whatsoever. If you are one of the 30-40% that have an estate plan, chances are you have only a simple Last Will and Testament. You probably also think that’s sufficient for your situation. However, is it?
Posts from our Blog
Facebook Twitter Summary: When it comes to estate plan reviews, the list of events that may trigger the need for a review is potentially longer than you might think. Many things, including births, deaths, marriages and divorces may indicate that a review is in order....
Facebook Twitter Summary: In some states, avoiding probate can mean avoiding extensive delays, costs and stress. In other states, laws have been updated to make the process less burdensome. Regardless of the laws, avoiding probate may still hold important advantages...
Facebook Twitter Summary: Sometimes, people make the mistake of thinking that estate planning isn’t for everyone. The truth is that most everyone needs a plan. If you are someone who is in a long-term committed relationship that exists outside of marriage, your...