Planning with purpose.
Planning for your lifetime.
If you’re incapacitated:
- Who do you want to take of your finances?
- Who do you want to make your medical decisions?
If you need a nursing home:
- How will you pay for your care?
- What happens if you run out money?
- How does your spouse avoid running out of money?
If you have minor children or a loved one with special needs:
- Who will care for them if you are unable?
- What finances will be used to care and provide for them?
Planning for after your death.
Think about the beneficiaries who will receive your money:
- Do they spend more money than they should?
- How do you want your wealth to impact their lives?
- What would they do with their inheritance if they received it today?
- If a surviving spouse remarries, can the new spouse access your money?
- What tax liabilities will your beneficiaries face?
Think about your minor children or special needs dependents:
- Does your named guardian have sufficient funds to care for your children and provide a safe place to live and thrive?
- Should your guardian take care of your kids AND the money you leave behind, or do you need a system of checks and balances?
- Will an inheritance disqualify your beneficiary from any government benefits they receive?
Think about these other considerations:
- Do you want to avoid probate?
- Do you have a family cottage or property? What will happen to it when you’re gone?
- Are there any unique situations in your family life that need to be taken in to account?
CONSULT WITH AN ATTORNEY
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Grand Rapids, MI 49546
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