Other Questions Related To Estate Planning
What Are The Most Important Components To Address In Planning For Retirement When It Comes To Estate Planning?
The most important things in planning for retirement are the same things as in planning for the security of yourself and your family at any stage that you are in life. The most important components to address are to make sure that you have a process in place so that if you become mentally incapacitated during your lifetime, you have the people you want who have the authority to take care of your assets and to take care of you and your family.
You want the right things in place in terms of your family knowing what your end of life desires are in terms of life support, in terms of having the proper people appointed who have authority to make medical decisions for you. You also want to have the proper terms in your estate plan in terms of passing your assets down once you are gone from your family in the way that you want, so that you have the assurance at any particular point in time that you, your loved ones, and your legacy is protected.
What Is The Legacy Of Protection Plan Offered By Estate Plan Strategies LLC? Is That Something That Everyone Should Look At?
The Legacy of Protection plan is available to all clients at Estate Plan Strategies LLC. Everyone should look at it because it provides a great value. Usually, when lawyers are hired to do an estate plan, they will talk to the client about what they want, drop some documents, give those documents to the client, and they never see the client again unless eight years later when they call back to say that they want to change their will.
In those particular instances, firstly, those documents never work unless the assets that a person has are coordinated with the planning that is been done in terms of being titled properly and in terms of proper beneficiary designations such as things like life insurance, 401(K)s, IRAs and the like. With the legacy protection plan offered by Estate Plan Strategies LLC, three things happen:
- The first thing is that the plan does get properly designed to the specification that meets the client’s needs.
- The second thing with the legacy protection plan is that all of the assets that a person owns in terms of titling and beneficiary designations are coordinated with the planning at the time all of the documents are signed.
- The third thing the legacy protection plan provides is an ongoing relationship and a systematic process of reviewing the plan over time. That is because in most cases, once the client assigns the documents and walks out of the door, the lawyers never see those clients again. Even though those clients’ circumstances, many years down the road have changed drastically.
With the legacy protection plan, there is a systematic process of review overtime so that everything is kept up to date and that at any particular point in time, a client can be confident and secure that they and their families and their legacies are protected.
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