Proper Estate Planning

The Estate Planning & Elder Law Firm of Michael R. Bascom

 

  Quick Read

 

  • Planning isn’t just about money, dying and taxes; it’s about love, independence, and peace of mind.
     

  • Through proper planning you can stay in control and give what you have, to whomever you want, when you want and the way you want.
     

  • A proper plan means you can rest easy today and in the future.

 

Most people think estate planning is about money, avoiding estate taxes and protecting their assets. Interestingly, when they come to my office and we talk about what really concerns them, that’s not what they talk about.


Instead they talk about the child that has moved back home, or the grandchild that is too immature to handle an inheritance, or their parents who will need nursing home care one day, or the child with the shaky marriage, or the in-law whom they don’t trust, or the child from a prior marriage, or their grandkids who need a college fund, or their church or alma mater, or…you get the idea.


In other words, planning is not primarily about money. It’s about people, family, relationships — it’s about love. It’s also about planning for, and coping with change. Change that will take place within your family one, five, or even ten years down the road, changes to your financial situation and physical health, and even changes in the law. All of these must be addressed if your plan is to accomplish its goals and continue to protect you and your family.


We use a wide range of strategies and tools in designing and implementing the plan that is right for you. These can include all, or just some of the following, depending on your particular needs:

 

  • Wills

  • Revocable Trusts

  • Powers of Attorneys

  • Health Care Advance Directives

  • HIPAA Authorizations

  • Estate Tax Reduction Trusts

  • Inheritance Trusts

  • Family Limited Liability Companies

 

  • Family Limited Partnerships

  • Management Trusts

  • Qualified Personal Residence Trusts

  • Gifting or Spend-down Programs

  • Tax Planning

  • Business Succession Planning

  • Charitable Trusts

  • Private Foundations

 

One of the most powerful tools in our estate planning toolbox is the foundational Integrated Estate™ Trust. With this trust, you can be sure that what you leave will go to whomever you want, whenever you want them to have it, and in the way you want them to have it, all with the least amount of governmental interference and taxation. Whether it’s a smooth and profitable transition out of a business created over a lifetime (or several lifetimes), or capturing and passing on your legacy (in the form of values, goals, and work ethic), you can benefit from working with an attorney who focuses exclusively in this field to make sure that you have a plan that is crafted specifically for your family, and your wishes.

 

By creating a relationship with a trusted advisor, someone who can be your family’s personal estate lawyer, you can take great comfort in knowing you have the very best strategies in place to protect your loved ones, and that you have access to the advice of a counselor who can provide assistance to your family when you’re gone and — perhaps more importantly — to you, during your lifetime.

 

Contact us today for a consultation at 770-889-3911. We welcome the opportunity to meet you in person.