It may seem surprising, but even today many individuals die without making any plan for the disposition of their property. An even greater percentage have no plan in place to help them if they should become permanently or temporarily incapacitated during life and thus be unable to make decisions on their own.
Failure to plan for these possibilities can lead to confusion, emotional stress, and financial difficulties for loved ones. In the worst of cases, families are torn apart, profitable businesses are lost, and the government ends up with 50% or more of your nest egg. These types of catastrophes can be prevented, or at least minimized to some degree, with proper estate planning.
Of course, different families have different planning needs. Most families want to protect their hard-earned assets, minimize taxes, and ensure their children's inheritance. More affluent families are concerned about these same issues, as well as the future stewardship of their wealth, their enduring significance and impact on society, and the responsibilities they wish to pass on to family members. Even individuals of very modest means need to provide for their physical and financial concerns, as well as plan for the possibility of considerable nursing home costs in the future.
At Johnston Law Group PLLC, we will discuss your goals and help you to devise a plan that not only passes on your assets, but also your values and hope for the future, and gives you peace of mind. We will gladly work with your other advisors in order to meet the specialized needs of your family or other intended beneficiaries.
The types of estate planning services we can provide include:
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