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.
Avoid Probate
While many in the legal profession believe probate is a fundamental and necessary part of the estate distribution process, others feel it should be avoided at all costs, citing that it’s outmoded, slow, expensive and simply unnecessary in today’s “information age.”
Estate Planning
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
It’s Never Too Early | The Importance of Estate Planning at Any Age
Summary: When people think about estate planning, they often think about it as being something relevant and important for seniors or people who are “established” in their lives, with homes they own, spouses and children. This isn’t a complete picture of the reality of...
The Top 5 Things You Need to Consider after the End of Your Marriage
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...
How Trust Planning Can Help you Provide for, and Protect, your Children
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...
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