At BMK, it is important that you, the client, have a well-designed estate plan to ensure that your family, your business -- your legacy -- is protected and your financial goals continue to be met after you are gone. Our attorneys will work with you to create the right succession plan that ensures your estate goes to who you want, when you want, and how you want. In doing so, we can minimize taxes, maintain your privacy, and protect your spouse, children, and grandchildren from outside parties, be it the IRS or other creditors, seeking to take what you worked hard to leave as a legacy.
While working with Bibby, McWilliams & Kearney's estate planning team, our attorneys will sit down with you and your family, if needed, to learn your story. By understanding what you have, where you are going, and how you envision your legacy affecting the future, we can draft an individualized plan that reflects that story. Through a myriad of estate planning vehicles, we can ensure that your legacy goes the way you envision it and because every estate is different we will choose the right tools to achieve your desired result. This may include wills, various types of trusts, powers of attorney, medical directives and releases.
At BMK, we know that talking about estate planning is not something anyone looks forward to doing. But, neglecting the issues causes more problems than it solves. By sitting down with us, you can save your family the heartache and expense of a long, drawn-out, and expensive probate procedure that can be very difficult to deal with or understand at a time when financial security and stability is important. Our attorneys are here to help.
When considering your current estate plan, ask yourself the following questions:
- Do I have a will? When was my will last updated? What has changed in my life since then? Marriage, divorce, purchase or sale of property mentioned in the will?
- Who will take care of my minor children when I am gone? What about special need or disabled individuals that may require care as adults?
- Who do I trust to carry out my wishes and plans?
- What special medical or educational needs does my family have? Have I provided for that?
- What happens if I become incapacitated and can’t make decisions for myself and family?
- Have I considered the tax implications and benefits of establishing a gifting program to my children or family members?
- What happens to my business when I pass?
If you don’t have answers for these questions, you're like most Americans, so don't feel guilty. However, without plans in place to address these needs, you may have serious estate planning issues that can cause serious family conflict and financial issues for your heirs. Please do not hesitate to contact us and speak with our attorneys. We have the experience necessary to fulfill your planning needs.