"We believe that a properly designed ESTATE plan can keep your family out of Court, out of conflict, and keep your children out of the care of strangers."

ESTATE Planning Essentials

At PURPOSE Law Firm, ESTATE is an acronym that stands for: Everyone Special To you and All Things Essential. We are passionate about helping families not only protect their financial assets, but their human, spiritual and intellectual assets as well. Most people think ESTATE planning is just for the elderly or super wealthy…This is simply not true! We believe families with young children have much more at stake and need to properly plan to ensure the care of their children if the unthinkable happens to them.

There are 5 essential pieces of a well-designed ESTATE plan:

1. A Will

A Will is what most people are familiar with when discussing ESTATE planning. Everyone should have a Will as a part of their plan, because if you fail to plan our great state has a plan for you which includes provisions that could leave your family facing Court and conflict for years to come.

2. A Trust

A Trust is an incredible piece of a well-designed ESTATE plan that can keep your family out of Court, out of conflict, and financially secure for years to come. A Trust is no longer only for the wealthy. Even if you, for example, just own a home and a life insurance policy it is worth making a Trust a part of your plan. Having all your assets properly titled to your Trust can completely avoid the probate process and ensure your loved ones receive their inheritance sooner rather than later.

3. Financial Ancillary Documents

A Durable Power of Attorney gives the person you choose as your agent the authority to make financial decisions in the event of your incapacity. This is an often overlooked, but very important piece of your ESTATE plan.

4. Medical Ancillary Documents

A Medical Power of Attorney gives the person you choose as your agent the authority to make medical decisions in the event of your incapacity. Health Care Directives allow you to make decisions about your health care in advance, so your children are not left with the burden of making these decisions. A HIPPA Waiver allows you to give loved one’s the ability to get information about your medical care.

5. HAPPY KIDS Planning Documents

Properly naming Guardians for your kids is one of the most important pieces of an ESTATE plan. 69% of parents have not yet named guardians for their kids, and of the 31% who have, most make serious mistakes somewhere in the process. Without proper planning your kids could end up in the Foster Care system or in the hands of the last person on Earth you would want to raise them.

Begin your ESTATE Planning process today by thinking about the legacy you want to leave your children. We believe that a properly designed ESTATE plan can keep your family out of Court, out of conflict, and keep your children out of the care of strangers. At PURPOSE Law Firm we educate and empower you to make the best decisions for your family and help you leave a legacy of love.