Estate Planning is for everyone, but many people think they're too young or not wealthy enough to start planning their estate. Creating a comprehensive estate plan can provide you and your loved ones with multiple financial, emotional, and practical benefits and is not only for the super wealthy or elderly.

The benefits of creating an estate planning with an experienced estate planning attorney include the following:

  • Control Over Inheritance: If you pass away without an estate plan, your assets will be subject to state intestacy laws that dictate who inherits your property and at what percentages. This default distribution might not always align with your wishes. Creating a customized will and other estate planning documents ensures your legacy is handled as you wish.
  • Tax Minimization: Estate taxes can claim up to 40% of the value of assets over a certain threshold. Proper estate planning strategies overseen by an experienced attorney can minimize these taxes through tools such as bypass trusts, qualified terminable interest property (QTIP) trusts, gifting, and more. This preservation of wealth allows more to be passed on to your chosen beneficiaries.
  • Handpicked Guardians: In the devastating event that both parents pass away while the children are still minors, the court will choose a guardian if none has been legally designated. Estate planning gives you control over this important decision.
  • Avoiding Family Disputes: When people pass away without clear estate planning guidance, it invites conflicts among grieving family members. Questions about the deceased's intentions can cause disputes, ending close relationships for good.  
  • Incapacity Planning: While estate planning focuses primarily on the transfer of assets after death, another key component is preparing for the possibility of your own incapacity due to Alzheimer's, stroke, or other causes. Documents like living wills, healthcare powers of attorney, and more allow you to appoint someone you trust to manage affairs if you become incapacitated.

Contact Kairos Law Group Today

Don’t go into your future with uncertainty, create a comprehensive estate plan with an experienced and knowledgeable estate planning attorney. Schedule a consultation with Kairos Law Group to discuss your situation and how to ensure your legacy is protected.