Estate planning

You have a plan for your future and you want to execute it with your family. You want to make sure that your assets are distributed according to your wishes and avoid unnecessary taxes and fees. But how can you be sure that your estate plan will be effective and legally valid? That’s why you need a smart estate planning strategy that can help you create and update your will and trust. At Wealth Ladder Consulting, we help you understand your estate planning options and make smart estate planning decisions for asset protection. We use a customized estate planning approach that uses the benefits of a will and a trust. A will is a legal document that states your wishes for your property and your beneficiaries after you die. A trust is a legal entity that holds and manages your assets for the benefit of yourself or others. By using a will and a trust, you can enjoy these advantages:

You can control how your assets are distributed and who gets them, by naming your beneficiaries and specifying the conditions and timing of the transfers.

You can avoid or minimize probate, the court process that validates your will and transfers your property, by transferring your assets to a trust before you die. Probate can be costly, time-consuming, and public.

You can reduce or eliminate estate taxes, by using a trust to shelter your assets from the federal and state taxes that apply to your estate. Estate taxes can take a large chunk of your wealth and reduce the amount that goes to your heirs.

You can protect your assets from creditors, lawsuits, and divorce, by using a trust to shield your assets from the claims of others. A trust can also protect your beneficiaries from their own creditors or spouses, by limiting their access to the trust funds.

You can provide for your minor children, special needs dependents, or pets, by using a trust to appoint a guardian and a trustee to take care of them and their inheritance. A trust can also ensure that your beneficiaries receive their share at an appropriate age and maturity level.

We can help you create a will and a trust that fit your needs, goals, and situation. We can help you pick the type of will and trust, the amount and type of assets, the beneficiaries and trustees, and the terms and provisions that work best for you. We can also help you review and update your will and trust over time, as your circumstances and laws may change. We can help you see how your will and trust are doing, make any changes to your documents, and make sure that they comply with the legal requirements. If you want to know more about how we can help you boost your estate planning and asset protection with a will and a trust, please contact us today for a free chat. We are happy to hear from you and help you plan your future.