St George Estate Planning

Not All Estate Plans are Created Equal

  • Facebook
  • Google+
  • LinkedIn
  • Twitter
  • YouTube
  • Home
  • My Story
  • Learning Center
  • Video Library
  • Practice Areas
  • Fee Schedule
  • Contact Us
  • My Blog
  • Free Strategy Session
  • Internet Estate Plan

July 28, 2017 By sunrise

Twenty Questions #7: Could Your Children Need Government Benefits in Their Lifetime?

Government benefits are often hard to navigate. With many rules and regulations, it can seem impossible to keep track of every detail concerning your benefits. You never know what seemingly minor detail might have a major impact on your government benefits. Plus, very few people know how to maximize those benefits. In fact, it can be so difficult that many people who need benefits might not be receiving them.

If your children are receiving benefits based on needs, they will lose those benefits if they have any assets. This means if you don’t plan correctly any inheritance the receive could cause them problems. Instead of providing relief as intended, you increase their stress. The correct Estate Plan design will allow them to keep the government benefits and their inheritance. This is why it is important to create that Special Needs Trust.
This is also true if they might need government benefits in the future. A thorough Estate Plan can create a Special Needs Trust. This allows your child to keep any future benefits and their inheritance. This will be the most beneficial for your child in the long run. It will not hinder any future plans they may have or need.

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Planning, Family, Twenty Questions, Values Based

July 24, 2017 By sunrise

Twenty Questions #6: Do You Care if Your Heirs are in Harmony Over Their Inheritance?

Harmony is something people are always striving for. Just like in music, harmony creates beauty in life. The harmony creates the intricate sounds that cause pleasure and excitement when listening to music. However, to create harmony in music and life, there are certain rules and patterns one should follow. It is important to remember, however, that not everyone likes the same type of harmonies. Each person has their own personal connection to the types of music they enjoy. It is the same when it comes to your heirs being in harmony. Not every plan will work the same for every family.

However, this is a place where the Estate Plan can not only set out the financial legal design, but it can also set out your legacy and your reasons for planning. It can be designed to create beautiful music that will bond the family and keep your children and your heirs in harmony.

This is possible because an Estate Plan is so much more than just a simple Will. An Estate Plan can provide more protection for your family after you pass away. Having just a Will is like having a simple melody. You might think it is everything you would ever want and need, but it could be so much more. Creating an Estate Plan is like taking that simple melody and expanding it to create harmonies for a full orchestra. There is so much more depth and complexity to the music. This allows it to bring joy to a wider audience. Similarly, an Estate Plan can take a simple Will and expand it into documents that not only distribute your assets but also help protect the relationships of those you left behind.

Filed Under: Estate Planning, Values Based Estate Planning Tagged With: Estate Planning, Family, Twenty Questions, Values Based

  • « Previous Page
  • 1
  • 2
  • 3
Download a FREE copy of my eBook
Download

St.

St George Estate Planning
E. Lawrence Brock, Attorney & Counselor

Address: 193 S 100 East, St George, UT 84770
Hours: Monday thru Friday - 9AM–4:30PM
Saturday & Sunday - Closed
Phone: (435) 688-9117

Get a Complimentary Estate Planning Strategy Session - YES, It's FREE! Click Here for Details and Sign Up Today!

Recent Posts

Three Estate Planning Myths: True or False

June 26, 2020sunrise

Estate planning lawyers eat, sleep, and breathe estate planning and see pretty much every kind of situation unfold. Individuals who have taken … [Read More...]

7 Reasons to Update Your Estate Plan

June 13, 2020sunrise

So, you and your estate planning lawyer have put together an excellent plan for you.  Congratulations!  You are ahead of the majority of the … [Read More...]

FIVE COMMON ESTATE PLANNING MISTAKES TO AVOID

June 10, 2020sunrise

From time to time, it’s good to review why having a complete, up-to-date estate plan is so important. In addition to confirming our own actions, it … [Read More...]

ESTATE PLANNING AFTER DIVORCE

June 8, 2020sunrise

One area that is often overlooked in the divorce process is the need to update estate planning. Most people would agree that their ex-spouse is the … [Read More...]

  • Facebook
  • Google +
  • LinkedIn
  • Twitter
  • YouTube

SERVING: St. George, Brookside, Central, Dammron Valley, Diamond Valley, Gunlock, Ivins, Pine Valley, Santa Clara, Veyo, Washington, Leeds, Pintura, Hildale, Apple Valley, Rockville, Springdale, Toquerville, Virgin, Enterprise, Cedar City, New Harmony, Southern Utah

 

Copyright© 2021 All Rights Reserved, St. George Estate Planning · Log in