Estate Planning For Mature Families

If you are married with significant wealth, grown children and perhaps grandchildren, planning takes on many dimensions. Here is a non-exclusive list:

– Avoiding probate
– Avoiding guardianship if you lose decisional capacity
– Avoiding or minimizing estate taxes
– Protecting your own estate from lawsuits
– Protecting your children’s inheritance from the possibility that the surviving spouse may re-marry (this is the number one reason why children are inadvertently disinherited)
– Protecting your children’s inheritance from their divorces, lawsuits, bankruptcy
– Protecting your children’s inheritance from their own imprudence
– Protecting a child who is disabled and receiving government benefits
– Protecting your children’s and grandchildren’s inheritance from in-laws
– Avoiding probate. When you die a court will take control over the administration of your estate. This is costly both in time and money. Avoiding probate is one of the main reasons people prefer to plan with living trusts instead of wills.
– Avoiding guardianship if you lose decisional capacity
– Avoiding or minimizing estate taxes
– Protecting your own estate from lawsuits
– Protecting your children’s inheritance from the possibility that the surviving spouse may re-marry (this is the number one reason why children are inadvertently disinherited)
– Protecting your children’s inheritance from their divorces, lawsuits, bankruptcy
– Protecting your children’s inheritance from their own imprudence
– Protecting a child who is disabled and receiving government benefits
– Protecting your children’s and grandchildren’s inheritance from in-laws

Call 847-250-0435 for a free consultation