It's Never Too Early...
What will happen to your assets and your loved ones when you die? Too many times people are not prepared for the inevitable. You need to ensure your loved ones, your business, and/or the charities you are passionate about are taken care of upon your passing. The only way to make this happen is to plan ahead. Fighting amongst family members after the death of a loved one only adds to the sorrow. By providing proper instructions in the event of your death, you can make this emotional ordeal as easy as possible.
Estate planning is highly recommended, in order to bring your instructions to action and minimize the tax liabilities, legal fees and court costs. You do not need to be a millionaire to benefit from cost effective estate planning. If you don’t have a plan, the state you live in will enforce theirs on your behalf, and it may not be beneficial to your loved ones.
Is estate planning for me?
Estate planning is for everyone, not just for the elderly or the wealthy. Many people put off estate planning because they think they don’t own enough, they feel it’s too expensive, or they simply don’t know where to start. Broussard | Dove Law can customize a plan to cater to your individual needs and abilities. It’s never too early to begin.
A will provides instructions to your loved ones on how to divide up your property upon your death. A will can be as simple as giving everything to your spouse or children or it can establish a trust to ensure your heirs and estate are protected for years to come.
Trusts are excellent avenues to safeguard your assets from taxes and force your heirs to spend the money wisely. A trust will hold the legal title to the assets for the benefit of the beneficiaries. A trust can provide a beneficiary cannot touch any assets until they reach a certain age and/or can only spend money on certain things (education, car, living expenses). Trusts are great tools to bring all of your assets together in one plan by providing maximum privacy. Revocable living trusts are valid in every state and can be changed any time. Wills die with you, trusts don’t.
Don’t put it off.
We’ll help you make your plan run smoothly. The best time to plan your estate is now. Even though no one likes to think about his or her own mortality, everyone wants their wishes met, and we will do just that.