If you own a home, have children, own a business, are married or divorced, young or elderly, you need an estate plan. Protecting your assets and financial preparedness are not concerns reserved strictly for the ultra wealthy. At Keo’vonne Wilson Legal, PLLC, we understand that every client’s needs are different and we provide individual and thorough analysis of your particular circumstances. We weigh varying financial factors, family structure, and the rules of law that will impact your estate.
Estate Planning is more than just avoiding probate. With the help of an estate planning attorney, clients can provide for minor or disabled children in the occurrence of death or disability of a parent and provide creditor protection for beneficiaries of the estate. Planning can facilitate the transfer of real estate or a family keepsake. Business succession planning and the transfer of partnership interests can also be clearly laid out in a trust.
Our goal is to empower our clients with the tools to ensure that the fruit of their labor is there for future generations to harvest. At Keo’vonne Wilson Legal, PLLC we emphasize the use of the “Three P’s of Estate Planning” to create a plan you can trust.
The Three P’s of Estate Planning:
- Preparedness – Estate planning is more than just planning for your death; it is planning for your future. You can feel confident that in the event of an unexpected life event; your loved ones will be provided for immediately.
- Prevention – Probate is a process in which the court assesses and distributes a deceased person’s assets to creditors and those entitled to inherit. Judges know a lot of things about the law, but they do not really know your family. You know your loved ones better than anyone else and creating an estate plan allows you to determine how best to address individual needs, strengths and even weaknesses. Oftentimes following the death of a loved one, survivors are left to wrestle with emotional and financial questions. A well thought out trust can prevent family conflict before it has time to brew. You determine how, when and to whom assets are distributed and your wishes are unambiguously represented.
- Protection – You’ve worked hard your entire life, we put a plan together to make sure your efforts are not made in vain. A well written trust document that utilizes the facts of your circumstance can prevent your assets from being wasted in a lengthy probate proceeding, and provide creditor protection to the beneficiaries of the trust. Trusts are also an excellent way to protect your privacy. Probate is a public process and assets subject to probate are a part of the public record, unlike assets in a trust, which are completely private.