When you create an estate plan, you have the flexibility to decide how and when your assets will be passed to your loved ones. You can also send a message regarding your values and priorities along with your wealth. If this is important to you, let one of our knowledgeable estate planners help you accomplish this goal.
There are numerous ways your estate plan can transfer not only your property, but also provide some instructions or directions to your beneficiaries. For example:
- If you want to ensure that your beneficiaries do not spend their inheritance too quickly, you can put the money into a trust with instructions on when disbursements should be made (such as when the beneficiary reaches a certain age, graduates from college, etc)
- If you have a “blended family,” you may leave direction regarding who you specifically consider as family or as your intended beneficiaries
- Your estate plan can allow you to leave unequal amounts to your loved ones. This is especially important if you have a less privileged and/or disabled child. You may also want to discuss the reasoning behind your decision with your other beneficiaries so there are no hurt feelings.
- If you have concerns regarding creditors or bitter ex-spouses (yours or those of your beneficiaries) attacking your assets, you can place inheritances into a trust.
Your estate plan can be tailor-made to suit your needs. We have assisted numerous clients (over 2000) with complicated family relationships and complex finances. Whether you want to provide your loved ones with financial guidance from the grave or you want to motivate them to accomplish certain important goals, we can help.
The Astill Law Office has provided high quality legal services for over 30 years. We specialize in wills, trusts, estate planning, and asset protection. If you have any questions about creating a Trust, Will, or estate planning in general, contact The Astill Law Office at 801-438-8698.