Gwinnett County Estate Planning Lawyers Helping Clients Safeguard the Financial Future of Their Loved Ones
Many people find the thought of making plans for their families to go on without them extremely unpleasant, and they often end up postponing it. The truth is, with the right help, estate planning does not have to be an overwhelming and time-consuming process. Whether you are just starting a family, have a child who just graduated from Georgia Gwinnett College, or are ready to retire and spend more time outdoors in beautiful places like Suwanee Creek Park, it is never too early—or too late—to start thinking about planning for the future of your loved ones. The Estate Planning Attorney in Atlantas at Oren Ross & Associates can make the estate planning process easier and pain-free, so you can enjoy life even more while knowing the future of your family is safe. We are just a phone call away. Reach us by callingour Roswell location at (678) 250-4281 orour Atlanta branch at (404) 436-1752.
How Can Estate Planning Help Me Save Money on Taxes?
Estate planning allows you to get a clear picture of how much your estate may have to pay in terms of estate taxes, and it can also project how much your beneficiaries may have to pay in income tax when receiving their share of the inheritance. Rather than just letting your loved ones deal with it and risk leaving a lot less to pass on to your heirs, you can use estate planning tools to reduce your estate tax liability and keep more of your life’s savings in the family.
Simple provisions such as taking advantage of portability to pass on tax-free property to a spouse or carefully developing a gifting strategy to decrease your estate’s overall value are just a few examples of estate planning strategies you can use. Other options include setting up trusts and owning assets jointly with a spouse, be that a second car or a beach house on the coast. Trusts can also help you minimize income taxes paid by your beneficiaries after receiving their distributions.
What Should I Do If I Think My Spouse May Need Long-Term Disability Care?
Estate planning can also help you or a loved one receive the care they need without depleting the estate funds. We all have heard terrible stories about Medicaid taking a deceased person’s family home to recoup nursing home care costs. Don’t let that be you. Even working-class families can benefit from basic estate planning strategies, especially if they have any reason to believe a child or spouse may require long-term care at a nursing facility. Do what you can up front so that there is no possibility of anything surprising you when it’s time to go through it all.
An attorney can help you develop a customized strategy to protect your current assets from Medicaid estate recovery and help safeguard your funds, so you have something to pass down to the next generation instead of handing it over to the government. At Oren Ross & Associates, we help Gwinnett county residents with a variety of legal services and practice areas, including:
- Estate planning
- Living trusts
- Special needs trusts
- Business succession planning
- Personal injury
Don’t make the mistake of waiting until a crisis erupts before making your plans. Procrastinating is simply putting your family’s financial future at risk. Dedicate some time today to write your estate plans so you can enjoy a worry-free tomorrow with your loved ones.
Can I Write My Own Estate Plans Without an Attorney?
There are many do-it-yourself tools available online that promise to help you write a will or create a trust with just a few clicks. While you are not required to hire an attorney to craft your estate plans, it is strongly recommended that you do so. An estate planning attorney has the training and knowledge to ask you the right questions and help identify potential problems in the road ahead—even things you did not even think about. Using an online tool might save you a few dollars nowbut could actually cost you and your loved ones much more down the road. Only an attorney can help prevent costly mistakes that would leave your estate wide open to debtors and taxes and also compromise your legacy.
How Can We Help?
At Oren Ross & Associates, there are no “cookie-cutter” solutions for estate planning. Everything we do is customized to fit our clients’ needs and save them money in the long run. Consider scheduling an appointment at our Roswell or Atlanta location to see what we are all about—helping you protect your assets and leave a legacy. Call us at (678) 250-4281 or (404) 436-1752 for Roswell and Atlanta, respectively, and schedule an appointment.