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: There can be a lot the general public can learn from the news reports of celebrities’ estates and estate planning. Recent reports related to the estate of actor Alan Thicke offer quite a bit of useful instruction. Getting a plan not only to protect your goals...
Summary: Many people, when they think about planning their estates, think that means dividing their wealth among their loved ones and/or favorite charities. This is one of the most important things that your estate plan will do, but it doesn’t have to be the only...
Summary: Very few things in life, or the law, are completely black and white. Most things are shades of gray. The correct answer to great many legal questions is, “It depends.” This also holds true when it comes to avoiding probate. Not everyone needs to plan to avoid...