Nobody enjoys thinking about the world without them in it, but the truth is that it will happen to us all someday, and it might very well be much sooner than we expect and hope. The good news is that you can live on well past your last breath through the legacy you leave behind and the people you care for. This article explains the fundamentals of estate planning, that conversation you need to have with a trained lawyer to plan out what happens to the wealth you have accumulated and the people you love after you go. It explains:…Read More
Estate planning is incredibly important, allowing you to protect your assets, provide for your loved one well beyond you have passed away, and ensure your goals and wishes are carried out. But, unfortunately, like so many other things in life, estate planning misconceptions abound. These misconceptions, as well as instances where things are genuinely complicated, can serve as a major barrier to entry, so to speak, to the practice area. We’ve found this discourages many from taking advantage of the many tools and opportunities available to them through estate planning. Part of what drives Sam Mansoor of Legacy Law Centers…Read More
Estate planning is immensely important, serving as the means by which you can ensure your assets and money are passed on to your loved ones when you pass on or are incapacitated. Yet, despite this, estate planning misconceptions abound, causing countless people to miss out on vital tools and resources that are perhaps the surest way to preserve their wealth for generations to come. Based in Leesburg, VA, and Nashville, TN, Legacy Law Centers is dedicated to providing robust and comprehensive estate planning beyond the four walls of our practice. Our estate planning lawyers have prepared this article to dispel…Read More
How To Retain Agency Over Your Life, Death, And Legacy In Virginia And Tennessee As we age, we become more and more vulnerable. In our 80s and onwards, if we even make it that far, illness and accident can snatch us away or disrupt our lives far more easily than in earlier decades. But medical science also allows us to hold on to our life, freedom, and mobility far longer than in any previous century. This creates a difficult set of decisions. How much do we want to cling to life? How expensive will our end-of-life care be? How do…Read More
How Does an Estate Planning Lawyer Help You Prepare? Estate planning isn't just about legal documents; it's about making sure your hard-earned assets go exactly where you want them when you're no longer here. In Overland Park, Kansas, people are catching on to how crucial this is for protecting their legacy and caring for their loved ones. We've got this article from Legacy Law Centers, where Sam Mansoor, a top-notch estate planning lawyer, shares his insights to help you understand the costs and the must-have documents for a solid estate plan. Let's dive into what an estate planning lawyer brings…Read More
Despite what so many people think, estate planning isn’t just about securing personal assets for loved ones. If you’re a business owner, estate planning can have profound implications for you, especially when considering how to protect your business during a time when you wouldn’t be able to step in and do so yourself. Without a solid estate plan in place that accounts for several possible scenarios, the business you’ve worked so hard to build over your lifetime can take on intense losses should you ever be incapacitated or pass on unexpectedly. Understanding the ramifications of various tools available to you…Read More
There comes a time in every person's life when they find themselves considering the future of their assets and property. Questions such as "Who will inherit my possessions once I pass away?" and "How will my loved ones handle a situation where I become incapacitated and unable to make decisions on my own?" may become important thoughts. A comprehensive estate plan addresses these complex issues and much more. While they are not necessarily enjoyable topics to ponder, you will feel incredible relief when you have established a clear vision for your future. Not only does this mitigate challenges for your…Read More
In this article, you can discover… How to protect your beneficiaries and their inheritance. How to help protect an estate from creditors or divorce. The steps to establishing a meaningful legacy plan. What Does It Mean To Protect Your Beneficiaries In Estate Planning? If a beneficiary comes into a very large amount of money all at once it can be overwhelming, and you may wish to keep them from spending large amounts on something silly or highly risky. Releasing money over time, at certain ages, or in smaller amounts every month through a trust can help a beneficiary use these…Read More
In this article, you can discover… What to consider when deciding who should inherit your assets. How to modify your beneficiary list. How to securely leave assets to a non-relative. How Do I Determine The Appropriate Beneficiaries For My Assets? Consider who you are comfortable with inheriting your assets. Most people initially consider biological children, but can come into play, as well. For example, you may initially think to evenly split your wealth among three grown children, but would you like your grandchildren to inherit anything specific? If so, you can feel free to entrust a certain amount to your…Read More
Estate planning is a critical process that ensures your assets are distributed according to your wishes after your death. But it’s more than this. It is also the mechanism by which you can mitigate potential disputes that may arise among your loved ones over your assets. It is also a vehicle for considerable tax savings and the plan of action your loved ones can refer to should you ever be in a situation where you’re unable to communicate for yourself. Despite the clear and overwhelming benefits of having a comprehensive estate plan, so many people forgo one. Why? Everyone has…Read More
