Four Pillars Law Firm is dedicated to helping families protect and preserve all that they hold dear . . . both their loved ones as well as their hard earned assets.
Have you considered what will happen to your family and loved ones, as well as your assets if you become incapacitated and are no longer able to care for them and their financial future? Have you considered how you will be taken care of, personally as well as financially, if you become incapacitated?
By taking the time to make these decisions and create your estate plan now, you can ensure your assets will be effectively managed during life, potential disability, and death. Well-considered estate planning gives your loved ones authority and direction to help guide them during stressful and emotional times, sparing your loved ones from the expense, delay and frustration of managing your affairs through costly and time consuming court proceedings. Make sure that everything you have worked so hard to earn during your life will be there to work for you and your family during health, illness, and death.
Ultimately, estate planning is all about establishing peace of mind, both for yourself as well as your loved ones
BASIC ESTATE PLANNING
Although no one enjoys planning for disability or death, formulating an estate plan is one of the most important decisions you can make to protect yourself and your loved ones. Everyone can benefit from planning for the future, whether it involves the distribution of assets, tax reduction planning, or the care of oneself and family members. Most estate plans include the following basic legal documents:
- General Durable Power of Attorney
- Healthcare Power of Attorney
- Living Will
- HIPAA Release Authorization
- Last Will & Testament
ADVANCED ESTATE PLANNING
In developing and delivering a personal and comprehensive estate plan, it is often necessary to incorporate more advanced estate planning concepts and documents into the overall plan for our clients. In addition to our Basic Estate Planning, Four Pillars Law Firm also provides the following non-inclusive list of more advanced estate planning techniques to address various client concerns and needs while continuing to meet clients’ estate planning goals:
- Revocable Living Trust
- IRA Inheritance (“Retirement”) Trust
- Irrevocable Life Insurance Trust (“ILIT”)
- Qualified Personal Residence Trust (“QPRT”)
- Asset Protection Trust
- Special Needs Trust
- Dynasty Trust
Probate is the process (supervised by the clerk of superior court or judicial proceeding) by which assets owned by a decedent (deceased person) at the time of the decedent’s death, which assets did not otherwise pass to the decedent’s beneficiaries through some non-judicial or informal process, are dealt with after the decedent’s passing.
Similar to estate administration, trust administration is the process by which a successor trustee (named within the trust document of the decedent who created the trust) manages the assets of a trust upon a decedent’s passing.