Fond Du LacProtecting Your Family & Legacy
Protect Your Assets & Nurture Your Legacy
Estate planning is one of the most important aspects of financial planning. It provides individuals and families with the opportunity to protect their assets and nurture their legacy. Whether you are just starting to plan for your future or you are in the midst of it, our team at Estate Law Partners is here to help you navigate the estate planning process.
What Is Estate Planning?
Estate planning is the process of organizing your assets and financial affairs to ensure that your wishes are followed after your death and that the people you care about are provided for.
The estate planning process includes drafting a will or trust, naming beneficiaries, and creating an estate plan that will ensure that your assets are distributed in the manner you choose. It may also include taking into account your personal and financial circumstances, such as your age, health, wealth, and marital status, as well as the needs of your dependents, such as your children or elderly parents.
Estate Planning Benefits
There are many benefits to estate planning, including the following:
- Protect your financial assets
- Protect your family
- Ensure that your wishes are followed
- Provide for your loved ones
- Plan for your future
- Manage your tax liabilities
How Estate Planning Helps You Protect Your Financial Assets
One of the primary benefits of estate planning is that it helps you protect your financial assets. When you are no longer around to manage your finances, your estate plan will take over. Your estate plan will include your will or trust, as well as other documents such as powers of attorney, medical directives, and beneficiary designations. These documents will ensure that your financial affairs are taken care of and that your assets are distributed as you intended.
Here are some of the ways that estate planning can help you protect your financial assets and family from the following:
- Potential creditors
- Government claims
- Potential lawsuits
“Very nice and understanding and helped us through the process to set up our wills and trust.”- Erik
“[Matt] was very engaging and rephrased any questions we didn't understand.”- Steven
“[Matt] was very helpful...”- Troy
“She was very responsive and always made sure to answer any questions we had.”- Shannon
“He took the time to understand our goals and our family situation. He was friendly, thorough, and very knowledgeable.”- Mark