Protect Yourself and Family's Assets
Choosing The Right Estate Planning Tools
When you think about estate planning, you probably think about wills. A will is important. It can dictate how assets pass on to beneficiaries. In some cases, a will may be the only estate planning tool necessary. In others, it is insufficient.
Trusts provide a great deal more flexibility than wills. For example, they can allow your assets to be spread out to your beneficiaries over a long period of time instead of in one lump sum. This can ensure that the assets are preserved for years.
You also want to consider end-of-life decisions such as nursing home care in your estate plan. With tools like power of attorney and advance directives, you can make your wishes clear.
People think that they must be rich to plan their estate. This is not true. If you have a home or any assets at all that you want to pass on to your loved ones, you should plan your estate. Even if you are far from retirement age, you can benefit from estate planning.
Free Consultations About Estate Planning
With the help of a lawyer from Broussard and Ruhlman, P.C., you can put an estate plan into place that will give you the protections you need. We will work within your budget, using only the estate planning tools that make sense for achieving your goals.