Do you like messes?
Unintended consequences can rip families apart, keep brothers and sisters from talking and cause lots of money to be wasted on frivolous lawsuits instead of being invested in the family.
You can make sure and maximize the smooth transfer of your wealth and valuables to the important people in your life.
For over 40 years, Legacy Legal has been serving individuals and their families planning by creating rock-solid estate plans. In safety and confidentiality, our team, with its unique knowledge and experience, presents new ideas, opens up thoughts for discussion, and provides the space you need to express sensitive feelings and communicate the information necessary for us to achieve your desired outcomes.
- Financial Powers
- Health Care Powers
- Personal Valuables Roadmap
From small children to grown adults, from your values, beliefs and traditions, you decide who will receive what you value most, when they will receive and how they will receive it. That is the essence of a good plan with well-drafted documents- An Estate Plan.
Families change over time, people you once thought would be right to take care of your affairs when you become sick or pass are no longer around or unable to help out. Making sure your plan stays a plan as a bridge to the future means dusting off the cover and having it properly updated.
Why isn’t a Will good enough?
Contrary to what most people hear when you prepare only a Will to leave what you value to others, you run smack into the wall of the legal system-called Probate. Courts, judges, rules, wasted time and money and after all of that it’s possible what you own may not even go to the people you want it to go to.
I keep hearing about this thing called a Trust. What is it?
A trust is a document like a blueprint that spells out exactly who gets what you own, when you get it and how they get. It allows for a common management of your wealth if you become disabled or after you leave this world. In addition, a Trust will allow you to avoid getting trapped in Court, with judges making decisions about who should get your money and save you significant amounts of time and money.
I don’t own much, do I really need to do prepare all these documents?
Ugh! Unfortunately, people in banks can be like robots following a checklist with no idea what they are talking about. Worse, they are practicing law without a license.
Many times, people have small accounts. In those cases, you do not need to go into Court and you can get your money with a document called an Affidavit of Small Estate.
Banks tell me I need to get Court Orders and Letters Testamentary. Are they right?
Yes – The harsh reality is that just owning a home puts you at risk of having to go through Probate.