Question: Who can benefit from a living trust or will-oriented estate plan?

Answer:  To begin with, every adult will have some sort of estate planning need– even adults who don’t own any property.  But not everyone will necessarily need a living trust or a will-based estate plan.  Although it’s likely that everyone could use some kind of estate planning.

After all, estate planning is not just about leaving behind property, although that can definitely be part of it.  In the most general of terms, estate planning is about having the right kind of plan for your particular needs, to manage important life (and death) decisions.  To put it simply, it’s about making clear and informed decisions now, while choosing from an open menu, rather than having the law (and possibly the courts) make the decisions for you.

Anyone who wants to control their property while alive and well, as well as provide for their own care and the care of their loved ones in the event of incapacity or death, should consider a living trust centered estate plan.

Anyone who wants control over how their assets will be managed during life, and given away upon death, while minimizing every tax dollar, attorney fee, and court cost possible, should also consider a revocable living trust oriented plan.

To know what kind of estate planning is right for you, it’s best to speak with an experienced attorney.

ONE SIZE DOES NOT FIT ALL.
Please contact us directly to set up an initial estate planning consultation.

What can estate planning do for you?

  • It can help you maintain control of your property (while alive and well).
  • It can also plan for your care or the care of loved ones (upon death and incapacity).
  • Provide for a plan in case of incapacity.
  • Manage the risks if you should ever become incapacitated.
  • Articulate your health care and end-of-life wishes.
  • Delegate health care decisions
  • Provide for the needs of a surviving spouse (if applicable).
  • Provide liquidity at death.
  • Specify inheritances.
  • Fulfill your charitable wishes.
  • Provide “back up parents” for young children.
  • Plan for children (including those with special needs).
  • Provide incentives and promote education and a strong work ethic for your children or other loved ones, even after you are gone.
  • Minimize the risk of children being hurt by “affluenza”.
  • Protect your assets.
  • Avoid the time and expense of probate (whenever possible).
  • Minimize tax liability, attorney fees and court costs.
  • Plan for the succession of a business (if applicable).

Types of Trusts and Wills:

  • Revocable Living Trusts
  • Pour-over Wills
  • Healthcare Directives
  • Living Wills
  • Financial Powers of Attorney
  • Childcare Powers of Attorney
  • Special Needs Trusts
  • Family Limited Partnerships and LLCs
  • HIPAA Authorizations
  • Special Purpose Trusts
  • Retirement Distribution Control Trusts
  • Dynasty Trusts
  • Generation Skipping Trusts
  • Life Insurance Trusts
  • Offshore Asset Protection Trusts
  • Domestic Asset Protection Trusts
  • Lifetime Spousal Gift Trusts
  • Business Continuity Trusts & ACP Trusts
  • Charitable Remainder Trusts and Charitable Lead Trusts
  • Inheritor’s trusts

Details Matter

Ultimately, we all face the challenge of resolving our assets in a way that is fair to the ones we love.  And with assets come responsibility.  Many of the inherent obstacles in estate planning are not so apparent at the outset. Consequently, these obstacles are usually best addressed by professionals trained to recognize and mitigate risk.

Our experienced team will help you build the right plan according to your family structure, to best execute the transmission of your estate.

We do not discriminate and will proudly work with families of all types, regardless of race, sexual orientation, gender, religion (or lack thereof), or anything else.

COLLABORATIVE PLANNING

KOZA LAW GROUP understands the value of the collaborative process and the powerful benefit this type of service can deliver to our clients. As a result, our strategic directive has placed significant focus on building a robust assembly of accountants, financial planners, stockbrokers, insurance professionals and specialized wills and trusts attorneys ready to serve the independent needs of both individuals and families alike, should it be necessary. We strive to maximize the core talents of these professionals to benefit you the most– with the parallel goal of bettering the legal profession as a whole.  Collaborative planning can help our clients make the best choices.

 

OTHER PRACTICE AREAS:
Estate Planning
Business Law
Corporate Law

Please contact us directly for an initial estate planning consultation.