Plan Ahead To Protect Your Assets

No one would want to see the assets they built up over a lifetime to be lost due to issues such as divorce, illness, creditors, lawsuits or taxation. Unfortunately, failing to plan often means planning to fail in estate planning. What you don't know about the future can hurt you and your family.

There are ways to protect your legacy through estate planning to ensure your assets go to the people you want to have them. For many people, this means using trusts to legally own assets. Using one or more trusts could help you achieve the following additional estate planning goals:

  • Protect a child's inheritance from creditors and ex-spouses
  • Allow for contributions to charities through a family legacy
  • Remove assets from your estate to minimize estate taxes
  • Protect assets from being exhausted to pay nursing home expenses

Ensuring that you have a valid power of attorney designation in place ensures that a trusted person can make financial decisions for you if you are incapacitated for any reason. The consequence of not having this document in place can mean costly litigation and loss of assets.

If you have a legacy you want to protect, whether it is a family business, a vacation property or other asset, the estate planning lawyers at McCurrie McCurrie & McCurrie, L.L.C., will help you protect it. Taking the time to sit down and create an estate plan can protect you and your family from unintended consequences.

For More Information About Asset Preservation

The sooner you decide to contact our law firm either through our simple contact form or by calling 201-467-4180, the sooner you may receive some peace of mind that a plan for your future is in place.