ESTATE PLANNING & PROBATE

Wealth does not determine whether or not you have an estate plan.  If you are alive then you and your loved ones will benefit from having an estate plan. 

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If you answer no to any other these questions, you have unfinished business that only affects  you but others in your life:

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1. Do you have a plan for your family after you are no longer able to tell you want to happen to you in the event that you are no longer able to make decisions for yourself? 

 

2. Have you protected your hard earned assets? 

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3. Do you have an guardian for your minor children in the event that you are not able to care for them?

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4.  Do you have a plan to take care of the medical care and business affairs of a aging family member?

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5.  Do you have the authority to make decisions for your special needs adult child?

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6.  Do you have a trust for your special needs child?

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What Should Your Estate Plan Include?

Everyone's Estate Plan will be unique to their specific life circumstances however everyone should have a Last Will and Testament, Power of Attorney and a Living Will.  Control how your possessions are distributed upon your death.  In a time of grief, it is very difficult for families to make decisions about their loved one's possessions.   Having your business in order will allow your family to grieve. Bostick Law, PLLC understands the importance of having your personal business in order.  We can help yo make like a little more easy.

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Why Do I need an estate plan?

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Parents with Minor Children:

• If you have minor children, an estate plan will protect your children in the event that you are no longer physically or mentally able to take care of them or in the event of your death.  You may be able to appoint an guardian for your minor children in the event that you are not able to care for them yourself. 

• Protect your children's inheritance by creating a trust or estate planning strategy that will protect your child(ren)'s assets from ​divorce, bankruptcy, and even probate.

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Aging Family Members:

• As we age, basic task become more challenging.  Powers of Attorney or a Conservatorship can make life a lot easier when your or your aging loved one is no longer able to take care of basic health care needs and financial decisions.​

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Parent of a Special Needs Adult or Minor Child

• All parents of special needs children will need authority to make medical and business decisions for them when they reach adulthood.

• Protect the the assets and disability income of your minor child by setting up a trust.

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Business Owners:

• Estate Planning should be apart of any professional's personal planning.  It's not only important for you to have an active business plan, it's also important for you to have a plan for you to have a succession plan.  Succession plans are imperative to protect your wealth, assets, business, and estate long after you are not able to do so.

       

 

 

 

Bostick Law, PLLC

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