Creating an estate plan requires you to think very carefully about what you want to happen to your assets. When you are setting up your estate plan, you must take the time to consider the implications of the decisions you are making. We can help you learn how your estate plan might impact those who are going to benefit from it.
One thing that you might want to consider is the need to keep things private once you are gone. Do you really want the public to know what you left to your heirs? Some people don't want this to happen, so they turn to trusts.
There are many benefits to trusts, but one that might really be attractive is that the assets can transfer to the intended parties without having to go through the public probate process. This means that nobody will have to know the value of the property that is being handed over.
Another benefit to transferring assets via a trust is that they might be protected from the claims of creditors. People will sometimes use irrevocable trusts to ensure that creditors can't make claims against those assets. This can take a lot of burden off your family members or friends when you pass away.
We realize that this might be more complex than what you care to think about. Fortunately, we can work with you to find the options that you have for getting your assets to where you want them to be. We will discuss the goals with you so that you have a good understanding of what your loved ones will need to do when you are gone.