Estate Planning
Providing Peace of Mind
FAILING TO PLAN
Without proper planning, your family may:
- Lose everything to nursing home costs;
- Pay hundreds of thousands of dollars in avoidable Estate Taxes;
- Pay thousands in avoidable Probate fees and costs;
- Become entangled in Guardianship Proceedings;
- Fight over health care decisions; and
- Fight over financial decisions.
If you fail to plan, you plan to fail.
A Meyer & Spencer Asset Protection Plan or Estate Plan gives you an orderly disposition of your assets and avoids many of the problems faced by those who fail to plan. Our Asset Protection Plans and Estate Plans are custom drafted to meet your specific needs and objectives. No two families are the same. After a consultation with Meyer & Spencer, we will provide you with a proposal with several options for you to consider. During our initial consultation, we will gather information which allows us to determine which plan best suits your needs;
- How we can protect your assets from future nursing home costs;
- Whether a Long Term Care Insurance Policy is beneficial to you; and
- Whether you need an Irrevocable Life Insurance Trust to provide liquidity for your Estate;
The earlier we get involved, the more options you have.
Estate Planning Checklist
Estate planning topics to discuss with Meyer & Spencer and your financial planner:
- Why should I have a Will?
- Do I need a living Will?
- What is a Health Care Proxy?
- Should I give my spouse/child a Durable Power of Attorney?
- What is Probate and should I try to avoid it?
- What are the benefits of a Revocable Living Trust?
- Can I protect my assets through the use of a Trust?
- Will my Estate incur any Estate Taxes?
- Will a Credit Shelter Trust decrease my Estate Tax liability?
- How can an Irrevocable Life Insurance Trust help my heirs?
- How can I best care for a disabled child/spouse after my death?
- What options do I have with my IRAs?
- Will charitable gifting provide me with any tax advantages?
- How can a family Limited Partnership assist with the transition of control of my business?
- Can I provide gifts to my children grandchildren and still maintain control?
