Eliminate worry and prepare the estate plan you’ve been thinking about. Let us guide you through designing and creating a plan that fits your family’s needs.
Simplify the administration of your assets, so your loved ones have fewer legal hoops to jump through. Protect your loved one’s inheritance from divorce, creditors, bankruptcy, or lawsuits while ensuring that your last wishes are carried out. Trusts are a powerful tool offering both flexibility and peace of mind.
Settle your asset distribution after death to clarify your last wishes and minimize family uncertainty. A Last Will & Testament (“Will”), offers many benefits over the absence of an estate plan.
Extend legal authority to a trusted person (or persons) to make decisions on your behalf if you become incapacitated and ensure the continuity of your financial affairs and medical wishes.
Continue to assist your child with financial and health care decisions once they become an adult and have a plan in place in case of an accident or unexpected health event.
LGBTQIA+ couples have unique estate planning needs. Protect a non-marital relationship, solidify parental rights, and create a priority for health care decision making in case of incapacity.
They prepared all our Trust documentation including wills, durable power of attorney for health care, advanced directives, and the intricacies of the trust and our financial planning. It was tremendously helpful. We now have peace of mind knowing our affairs are in order!
Here’s how we’ve helped some of our clients:
The staff was extremely knowledgeable and helpful. Caleb clearly and patiently addressed all our legal questions and concerns throughout the entire process, and simplified this daunting undertaking.
Estate planning is the process of creating a comprehensive plan for the management and distribution of your assets and personal matters in the event of your incapacity or death. It involves designing and creating legal documents to ensure that your wishes are carried out and your loved ones are taken care of according to your instructions. There are no financial prerequisites for estate planning. Lihn Law Group created a custom, three-phase estate planning road map which we walk you through, to make the design and creation of your plan more efficient and less stressful.
An estate plan may include various documents, such as a will, revocable living trust, powers of attorney for health care and finances, living will or advance healthcare directive, and beneficiary designations. The specific documents included in your plan depend on your unique circumstances and goals.
Estate planning is important for several reasons. It allows you to control the distribution of your assets, minimize taxes, avoid probate, protect your beneficiaries, appoint guardians for minors, and plan for incapacity. It provides peace of mind knowing your affairs are in order and your loved ones are protected.
Regardless of the size of your estate, having an estate plan allows you to specify how your assets should be distributed and ensures your wishes are followed. It also addresses important health care decisions and protects your loved ones from unnecessary complications when you’re gone.
Estate planning offers various tools and strategies to protect your beneficiaries’ inheritance. For example, establishing trusts designed with specific mechanisms, can provide asset protection, ensure controlled distribution over time, and protect assets from potential creditors or divorces. We can help determine the best methods for preserving your assets for future generations.
A will allows you to create rules for how assets are distributed after death, which is helpful in naming legal guardians for minors, nominating an executor, and providing clarity to your family after death.
A trust allows you to manage your assets and wishes related to your finances and health care during and after your life.
While a will offers several benefits, it’s important to note it still requires involving the court (probate) to administer one’s estate. Additionally, a will may not be the most suitable option for complex estate planning needs.
Establishing a revocable living trust can help bypass the probate process. Assets held in a trust can be distributed directly to beneficiaries, avoiding the time, cost, and public nature of probate.
If you own property in multiple states, a trust becomes a more essential planning tool. A trust prepared in Arizona can own your properties in multiple states, allowing your successor trustee to have the authority to manage or administer the properties upon your incapacity or death.
Yes, estate planning can incorporate charitable giving strategies, such as establishing charitable trusts or including charitable bequests in your trust or will. These methods allow you to support causes you care about while potentially providing tax benefits for your estate.
If you pass away without an estate plan, your assets will be distributed according to the laws of intestacy, which may not align with your wishes. The court will appoint a personal representative to handle your affairs, and the process can be lengthy, expensive, and result in unintended consequences. Having an estate plan allows you to maintain control over your assets and ensure they are distributed as you desired.
While it is possible to create a basic estate plan yourself using online templates, it is highly recommended to consult with an experienced estate planning attorney. We are often shown documents created online that were improperly created and are therefore invalid or defective.
Each person’s situation is unique, and an attorney can provide personalized advice and counsel, to ensure all legal requirements are met, and address any complex issues specific to your circumstances, which you may not even be aware of. A software program cannot replace an attorney as it is not capable of offering legal counsel and advice to you or your loved one.
Estate planning is very rarely a one-and-done process. It is important to review and update your estate plan periodically or when significant life events occur, such as marriage, divorce, the birth of a child, or changes in financial circumstances. Regularly reviewing and updating your plan ensures your plan reflects your current wishes and is in line with any changes in laws or personal circumstances. In the absence of major life events, we recommend contacting us to review your plan every 3 to 5 years.
When selecting an estate planning attorney, consider their experience, knowledge of estate planning laws, client testimonials, their ability to understand your unique needs, and their ability to communicate complicated legal concepts to you in an easy-to-understand manner. Seek an attorney who specializes in estate planning and has a track record of providing personalized and comprehensive services. Our process is comprehensive and tailored to you. We built a custom three-phase road map to guide you through the rewarding process of creating an estate plan and bringing peace of mind to you and your loved ones.
Call us today. We’d love to hear from you.