Estate planning is a broad term and may be confusing to some. Planning for your future and the security of your family could include: forming a will to define how your assets will be distributed after your death, setting up a trust, designating a guardian, creating a power of attorney and other deeds and documents.
Estate planning is for everyone, not just people who are particularly wealthy or in the late stages of life. Newly married couples, single parents, adoptive parents, company owners and anyone with loved ones should ensure that their affairs are handled the way they intend. Failure to have an estate plan in place upon a death can cause significant delays in the administration of your assets to family members, trust or charities.
A basic estate plan consists of the following:
Estate Planning: Do I Need A Trust?
In certain situations, such as when minor children are involved, you’d like to retain control over the disposition of your assets, or you have worries about Medicaid, then a trust might be right for you.
Keep in mind that everyone’s situation, and everyone’s life story, is different. That is why Thomson Law is here to listen and put together a plan just right for you. With fifty years of combined experience, our attorneys have seen almost every scenario of those with proper planning, and those without. Let our experience provide you with peace of mind.
At Thomson Law, we serve a diversified base of clients from Clermont, Hamilton, and surrounding counties. Call one of our experienced real estate planning attorneys today at 513-831-3373 or click below to schedule a consultation.