Planning with purpose.

There are many things to consider when talking to your lawyer about your estate plan. We believe the quality of our planning is directly correlated with the quality of questions we ask. For a successful estate plan, the following questions must be addressed:
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?

Schedule us to lead a conversation with your group.

We love facilitating conversations about how to plan purposefully for the future. If you’d like to attend the next public event or if you’d like us to lead a conversation with your clients, employees, friends, or other group, get in touch!

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ALLES LAW

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ALLES LAW

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5070 Cascade Road SE Suite 100
Grand Rapids, MI 49546
(616) 365-5055

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