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
Summary: Whenever you experience a major life event, the aftermath of that event is often a good time to take a step back and take a look at your estate planning. The changes in your life that this event has brought about may mean that you need to make changes in your...
From the time you take them home from the hospital, you, as a parent, fuss, fret and sometimes obsess over protecting and providing for your children. You worry if your baby is eating enough. You labor over picking a new house that will be in a good enough school...
Summary: For some people, transfer-on-death deeds can be a quick, low-stress and inexpensive way to transfer a property and avoid probate. They can also, though, create pitfalls that can trap and harm an unwary person. While these types of deeds can be a useful part...