Your estate reflects the sum of your life’s work and how it can continue to provide for the people and causes you love after you pass away. Despite this, many people delay estate planning or fail to create a plan at all. Not only does a thorough estate plan ensure that your asset are distributed in a way that reflects your wishes, it can help your loved ones minimize their tax burden and gain access to assets more quickly. Whether you have a collection of heirlooms that you want to stay in the family or a sizable collection of high-value assets, contact Sanchez, Mitchell, Eastman, & Cure, PSC to discuss your options.
Crafting an Estate Plan That Meets Your Needs
We believe that there is no one-size-fits-all solution to estate planning, which is why we spend time discussing our clients’ estate planning goals and vision in detail. By considering your assets, debts, and how you want to help your loved ones after you pass, we can design a thorough estate plan that puts your wealth to work.
Depending on your goals, we may suggest a variety of documents and tools. For example, if you have minor children and you want to preserve your assets in a trust, we may also recommend that you create a last will that names a guardian for your children. If you want your assets to provide for a loved one with special needs, we can help you structure and fund a special needs trust.
Preserving Your Wealth and Assets
Our team of attorneys understands how important it is to preserve your wealth and assets for the next generation. Our in-depth knowledge of estate laws and taxes puts us in an ideal position to advise you on different estate planning options that decrease your tax burden, keeping more of your assets in your family’s hands.
This is especially important for business owners. After putting a lifetime of hard work into a business, you likely want your legacy to keep growing after your death. We’ll work with you to create a business succession plan that respects your beneficiaries’ wishes while still allowing for the future growth of your business. If you have multiple beneficiaries that will inherit part of your business, we will create a plan that lets each beneficiary either maintain ownership of the business or sell their portion in exchange for money from the estate.
Protecting Your Rights
As you age, you deserve to have your rights protected. During the estate planning process, we can discuss different options. You may want to set up power of attorney documents that allow a personal representative to take care of your finances or make medical decisions on your behalf if you become incapacitated. With an advance directive, you can specify your medical treatment preferences, including which lifesaving measures you accept or refuse if you are unable to make your wishes known. A final will offers a legally binding way to outline your funeral and burial wishes.
Revisiting Your Estate Plan
Your estate plan should change and grow with you throughout your life. As you gain more assets, welcome new family members, and say goodbye to other loved ones, your estate plan should reflect where you want your assets to go and who you want to manage your estate after you pass. At Sanchez, Mitchell, Eastman, & Cure, PSC, we don’t draft an estate plan and send you on your way. We are committed to building a lifelong professional relationship that gives you the freedom to review your estate plan and update it as needed.
We’re Here for Your Estate Planning Needs
This is a great time to start figuring out how you can use your hard-earned assets to protect and provide for the ones you love. Take the first step now and call Sanchez, Mitchell, Eastman, & Cure, PSC at 360-479-3000.