August 5, 2014

Wills and Estate Planning

Wills Estate Planning McKenzie Law

Wills Estate Planning Brings Peace of Mind

You have worked hard to build wealth, and you should decide how it gets passed on to family, friends, charities or others.  But nearly 70% of us die without a will!  As Dave Ramsey, my favorite financial planner, says, “Folks, this is dumb-really dumb.Family and financial experts agree that we all should have a will, regardless of the size of our estate.  A will is a gift to yourself, your spouse, and family, because it provides peace of mind and structure for what happens to your wealth when you pass.  Planning your estate lets you determine where your hard earned assets go, can save money on taxes, court costs and attorneys fees (oh no!), and prevent conflict and confusion among your family members after your death.  Most of us recognize we need a will, but we put it off because we think we can just do it tomorrow.  Well, tomorrow is always just a a day away, but the “present” is a gift.  Start your estate planning today.  You’ll be glad you did.

McKenzie Law can help you answer these questions:

  • What happens to my assets if I die without a will and what does a will do for me? (short answer)
  • What happens if grandma becomes incompetent, and what are powers of attorney, guardianships, and conservatorships? (short answer)
  • What is a gun trust and do I need one? (short answer)
  • What are estate taxes (the dreaded “death tax”) and how can I minimize them? (short answer)
  • What happens to my Individual Retirement Accounts (IRAs) and other retirement assets? (short answer)
  • Can I pass property to my spouse without going through probate? (short answer)
  • What is Probate? (short answer)

Please contact us so we can help answer these questions!  Call us at (208) 402-6955

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