Estate Planning

 

“Estate Planning” is legal terminology for preparing for your disability or death.

Most people assume that trusts only matter when you’re gone, or that a will is all you need, but both are misconceptions.

Trusts are the most widely-used estate planning tool these days, not only because they allow you to protect your family and implement a structure for their inheritance when you die, but also because they reliably allow people to care for you while you’re disabled, too. Trusts provide for much more than just “who gets the money.”

And truthfully, you don’t need a will at all. We are all going to pass away whether we do estate planning or not. A more accurate statement is that wills (and their crucial counterparts, trusts and powers of attorney) allow you to live better, because with them in place, you’ll be secure with the knowledge that your family, friends, and charities will be cared for when you’re gone or incapacitated. You don’t need any of these things, but it is the responsibility of mature, conscientious adults to organize their assets and provide for their loved ones when they can’t do it themselves.

That’s what we do here at Stock Legal. We offer basic estate planning and administration services, including the preparation of last wills and testament, revocable living trusts, powers of attorney, living wills and other healthcare documents, irrevocable trusts, estate and trust administration, and estate and gift tax return preparation.

Our Process

1. Meet with you to discuss your family and finances.

You teach us about your family and your assets, and we teach you about tax law and the estate plan the State provides you, if you don’t plan for yourself.

 

2. Design your plan.

We design your plan with you step-by-step, through each phase of your family’s lives: the present, potential incapacity, death, and then children’s and grandchildren’s lives through the generations.

 

3. Review and sign your documents.

We won’t let you sign your documents until we sit with you and go through each instrument, making sure everything is as you planned it to be, and that you have no lingering questions that can blossom into dreadful concerns.

 

 

billboard-practice-general-corp-estate-plan-feature-1

4. Transfer assets to your trust.

This is the number one reason why many estate plans either fail. In order for a living trust to be effective, you shouldn’t own your assets in your individual name – your trust should. Stock Legal is unique in that we change ownership and beneficiaries on your property and other assets to make sure your plan works the way you want it to.

 

5. Review annually.

No more worrying about who’s named as guardians for your kids, or the trustees of your trust, or whether law changes affect your family – we’ve got you covered. Every year we review all of your estate planning documents, in light of your changing finances and state and federal law changes, and make sure your plan is still the way you want it to be.

Other Services