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EVERYONE NEEDS AN ESTATE PLAN
Applications: Practices
SINGLE OR DIVORCED?
CHOOSE A PERSON TO REPRESENT YOU
IN CASE YOU ARE INCAPACITATED.
OTHERWISE THE GOVERNMENT WILL.
HAVE ASSETS OR SAVINGS?
PLAN AN ORDERLY AND EFFICIENT TRANSFER OF WEALTH TO YOUR HEIRS.
OTHERWISE THE GOVERNMENT WILL.
HAVE LIVING PARENTS
LET THEM KNOW AN ESTATE PLAN
IS MEANT TO PRESERVE FAMILY HARMONY
AND PROTECT THEIR LEGACY.
HAVE A MEDICAL CONDITION?
REVIEW YOUR LIVING WILL AND
HEALTHCARE PROXY.
MAKE SURE YOUR POWER OF ATTORNEY
IS UP TO DATE.
OWN RENTAL PROPERTY?
LEVERAGE LLCS AND TRUSTS
TO STREAMLINE
TRANSFER TO YOUR HEIRS UPON DEATH.
OTHERWISE THE GOVERNMENT WILL.
HAVE MINOR CHILDREN?
CHOOSE A PERSON TO RAISE YOUR KIDS
IF BOTH OF YOU DIE PREMATURELY.
OTHERWISE THE GOVERNMENT WILL.
HAVE A BUSINESS?
OPERATING AGREEMENTS WILL PROTECT THE BUSINESS IF A PARTNER GETS DIVORCED, DISABLED OR DIES.
BUY/SELL AGREEMENTS WILL ENSURE CONTINUITY OF OPERATIONS.
HAVE LIFE INSURANCE?
DESIGNATE A TRUST AS THE BENEFICIARY.
OTHERWISE DEATH BENEFITS CAN END UP
IN THE WRONG HANDS.
FOREIGN INVESTOR?
HAVE THE PROPER LEGAL ENTITY
OWN U.S. ASSETS SUCH AS REAL ESTATE
TO LOWER TAX EXPOSURE
UPON YOUR DEATH.
FAMILY WITH SPECIAL NEEDS?
CREATE A SPECIAL NEEDS TRUST
FOR CONTINUITY OF CARE
AND GOVERNMENT ASSISTANCE
AFTER YOUR DEATH.
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