Estate Planning Services
You have undoubtedly worked hard over the course of your lifetime to build your financial and personal legacy. A comprehensive estate plan will ensure that your legacy is protected while you are alive and passed down according to your wishes upon your death.
At the Law Offices of Richard B. Schneider, LLC we understand your desire to create an estate plan that both provides for your loved ones in the event of your death and ensures that you retain control over what happens to your medical care and financial well-being should you become ill or disabled. Contact us today by calling 503-241-1215 or through our online contact form to get started on your plan.
What Is an Estate Plan?
Each estate plan is as unique as the individual who creates the plan. Your estate plan is a collection of legal documents drafted and executed with the guidance of a qualified estate planning attorney. The foundation of any estate plan is a Last Will and Testament which will provide instructions for the distribution of your assets upon your death; however, an estate plan can do much more than simply provide for the division of your assets when you die. Your plan may also include trusts, advanced directives relating to healthcare, and financial powers of attorney just to name a few additional options. Your personal legacy can also be incorporated into your estate plan through incentives to children and grandchildren that encourage them to strive for personal growth and academic achievement.
What Can a Comprehensive Estate Plan Accomplish?
Estate planning requires a thorough understanding of numerous areas of the law. For this reason, it is important to work closely with an experienced estate planning attorney to ensure that each of your estate planning objectives is reached. By doing so, your estate plan can accomplish the following goals:
- Coordinate, manage, and secure retirement accounts
- Protect you and your assets in the event you become incapacitated
- Provide long-term care planning
- Protect a special needs loved one
- Ensure financial security for your family and loved ones
- Protect assets from creditors
- Develop a business succession plan and incorporate it into your estate plan
- Decrease your estate’s gift and estate tax liability
- Minimize your estate’s exposure to probate
Failing to create an effective estate plan subjects you and your loved ones to an uncertain future filled with unnecessary risks. The old adage “an ounce of prevention is worth a pound of cure” applies well to estate planning. Saving a few dollars now by not creating an estate plan will almost certainly cost your loved ones considerably more down the road. Likewise, the time you save today by not creating a plan will likely result in your loved ones suffering through a lengthy probate process when you die.
The estate planning attorneys at the Law Offices of Richard B. Schneider, LLC are committed to helping you create an estate plan that is tailored to your specific needs and objectives. Contact us today by calling 503-241-1215 or through our online contact form so that we can begin creating an estate plan that will ensure the security of both your financial and personal legacy.