Unless you have planned properly, you probably will be kept on life support. In most states, you will be kept on life support unless there is clear evidence you expressed wishes to the contrary; usually this requires something in writing. … [Read more...] about If I have no chance of recovery, will I be kept on life support?
Who will decide medical treatment issues?
Depending on the state, if your family members agree, they can make that decision. However, if family members disagree, you could be back with the local judge getting a Guardian appointed. … [Read more...] about Who will decide medical treatment issues?
Who will decide where I live?
A local judge would have to appoint a Guardian who would make that decision. Of course, the judge may not choose the same person you would have chosen. … [Read more...] about Who will decide where I live?
What steps can I take to preserve my legacy?
The best approach is to meet with an attorney who understands the Legacy Wealth Planning process. This will ensure you address the financial and non-financial assets of your family. The right attorney will help you, first, set up a Family Wealth Trust to preserve your financial legacy. Then, you will be educated about completing the My Legacy workbook, to share in your own words about your life … [Read more...] about What steps can I take to preserve my legacy?
Can any attorney create a Family Wealth Trust?
YES, but you would be better off choosing an attorney whose practice is focused on estate planning. Members of the American Academy of Estate Planning Attorneys receive continuing legal education on the latest changes in any law affecting estate planning, allowing them to provide you with the highest quality estate planning service anywhere. … [Read more...] about Can any attorney create a Family Wealth Trust?
Is a Family Wealth Trust only for the rich?
No. A Family Wealth Trust can help anyone who wants to protect his or her family from unnecessary probate fees, attorney’s fees, court costs and federal estate taxes. In fact, the Family Wealth Trust offers substantial protection for your family, regardless of your total estate. In addition to savings at death, especially if your estate is over $100,000, the Family Wealth Trust also provides … [Read more...] about Is a Family Wealth Trust only for the rich?
If I have a “bare bones” living trust should I go back to the attorney who drafted the trust?
You can certainly go back to the attorney you worked with before, however, few attorneys offer Legacy Wealth Planning. If you want Legacy Wealth Planning, contact a member of the American Academy of Estate Planning Attorneys. … [Read more...] about If I have a “bare bones” living trust should I go back to the attorney who drafted the trust?
How do I know if I have a “bare bones” living trust?
Very few estate planning attorneys offer Legacy Wealth Planning. A “bare bones” living trust covers probate avoidance and usually ignores important issues to protect you, your spouse (if married) and your children. Bring your existing trust to your consultation and we can review it for you. … [Read more...] about How do I know if I have a “bare bones” living trust?
Is the Family Wealth Trust some kind of loophole the government will eventually close down?
NO. The Family Wealth Trust has been authorized by the law for centuries. The government really has no interest in making you or your family suffer a probate that will only further clog up the legal system. A Family Wealth Trust avoids probate so that your estate is settled exactly according to your wishes. … [Read more...] about Is the Family Wealth Trust some kind of loophole the government will eventually close down?
Can I transfer real estate into a Family Wealth Trust?
YES. In fact, all real estate should be transferred into your Family Wealth Trust. Otherwise, upon your death, depending on how you hold the title, there will be a death probate in every state in which you hold real property. When your real property is owned by your Family Wealth Trust, there is no probate anywhere. … [Read more...] about Can I transfer real estate into a Family Wealth Trust?
