Ironhorse Estate Planning/Legal Work
Are you married? Do you have children or elderly parents? Part of a blended family? Do you own your home, car or maybe a business? If you answered yes to any of these questions, here is an important follow-up for you: Do you have an estate plan in place?
Planning your estate is an important step in protecting your assets, your wishes and the people who matter to you most. There are a number of options available to you. Do you need a will? A trust? Is it possible you don’t need either?
It’s very rare that a person would not need some form of estate planning. You may think because you don’t have a massive estate the distribution process would be simple and straightforward. Unfortunately, that is not often the case. Instead, your estate, no matter how large or small, will have to go through the probate process and will be distributed according to state law if you do not have the appropriate documents in place.
Another common misconception is many people believe that once they pass away, their assets will pass on to their family members through beneficiary designation, so there’s no need to “plan” for the inevitable. While that can be true in a general sense, this belief does not take into account what happens if they become incapacitated and are unable to care for themselves or handle their own affairs, the ability for creditors to get to their assets, the goal of providing for a special needs family member, and many more issues that an estate plan can cure or even avoid.
Estate Planning is more than a Will and is more than just determining who gets your property when you pass away. It is about minimizing the financial and emotional costs for you and your loved ones. Whether you wish to create your estate plan for the first time or update your existing plan, Ironhorse can help you create a comprehensive and personalized estate plan that will provide you with the peace of mind you deserve.
- Business Planning
- Succession Planning
- Limited Liability Company (LLC), Corporations, Sub-S Corporations, Limited Partnerships or General Partnerships
- Trusts: Revocable Living Trust, Irrevocable Life, Spousal Lifetime Access Trust, Insurance Trust, Special Needs Trust, Personal Residence Trust, Charitable Trust, Irrevocable Trust
- Dynasty Trust
- Wills: Pour Over Will, Will with Testamentary Trust
- Living Will
- Durable Power of Attorney
- Durable Power of Attorney for Health Care
- Probate and Estate Administration
- Charitable Gifting
- Real Estate Deeds
More on What Is Estate Planning.