Everyone needs estate planning, a general term that applies to all types of people in all walks of life. No two estate plans are exactly the same. At LifeGen Law Group, we work with you to tailor and design your estate plan to meet your and your family’s needs and goals. Once we have designed your estate plan, we provide support to help you implement and then maintain your plan.
Below are twenty questions that can help us design the right estate planning process for you and your family. Numerous other issues may arise, but the answers to these questions help us determine the best course of action regarding your estate plan:
- Are you concerned about the expenses of probate?
- Do you have real estate you want to leave a beneficiary at your death?
- If you become disabled, who will manage your finances?
- If you are temporarily or permanently unable to make your own healthcare decisions, who will be the person to carry out your wishes?
- Who will serve as guardian of your minor children (under 18)? How will your child’s inheritance be managed? By whom? At what age will your child be in sole control of his or her inheritance?
- If you need long-term care, how will you afford these expenses while providing for your spouse or children?
- What will happen if your surviving spouse marries again?
- Is your beneficiary experiencing any physical or mental challenges?
- Does your beneficiary currently receive any type of governmental assistance?
- Are you concerned your beneficiary might become divorced?
- Does your beneficiary struggle to manage finances?
- Does your beneficiary already have a high net worth? Do you want to avoid adding to their high tax burden?
- Do you have real property in other states?
- Can your estate afford the taxes it faces, considering its current assets?
- Do you wish to benefit a charity at your passing?
- What happens to your pets when you pass?
- Do you have firearms you are leaving to someone at your passing?
- Does the value of your estate exceed $12.92 million as of 2023?
- Are you concerned about how your remains will be handled upon your death?
Contact an Estate Planning Attorney at LifeGen Law Group
If you have additional questions about estate planning, please contact our experienced attorneys at our law firm in Springfield, MO today!