We live in perilous times in America today, but don’t worry I am confident. After listening to all of the current candidates rhetoric, whomever is elected will solve all of our problems. If that were only true. Unfortunately, we have our issues in the United States today. We love to sue each other. There are over 15 million lawsuits filed in our court systems every year. We love to divorce each other. We have the highest divorce rate in the world. There are over 1 million bankruptcies filed each year in the United States. We have generations of children being born with a feeling of entitlement.
Is there a way to protect our loved ones, after we are gone, from some of the stress and hardship that comes with some of today’s issues? Wouldn’t we all want to offer that protection? We have all worked too hard, scarified too much, spent too much time, energy and effort accumulating the nest egg’s we have. Don’t have it destroyed after we are gone if something terrible should happen to our loved ones.
There is a way to offer security to our loved ones after we are gone We can leave their inheritance, our hard earned nest egg, in a trust for them. If properly drafted these trusts can allow them access to the principle and income, if that is what you wish, and can continue on into perpetuity. This allows your legacy to continue on for your grandkids and great grandkids. With these Dynasty Trust’s we are able to offer protection from your loved ones creditors, divorces, and lawsuits they may be involved in after you are gone.
Our loved ones may be facing different challenges that we have going forward, but there is a way to help guard against them with proper estate planning.
Contributed by Morris Hall, PLLC Arrowhead, Scottsdale and Phoenix Estate Planning Attorney and Partner, David T. Eastman.
Morris Hall, PLLC Can Protect You in Today’s Litigious Society:
We live in a litigious society, where over 1 million lawsuits are filed every year in America alone. Financial predators are looking for ways to take funds from others and often use litigation as their means to do so. At Morris Hall, we provide your assets and your loved ones with important protections that can prevent financial predators from taking advantage of you. We do this through proper and current estate planning techniques. With an MH living trust, we can also protect your property, assets and loved ones from probate, estate taxes, gift taxes, creditors, Medicaid spend-down, conservatorship or guardianship proceedings, ex-spouses and more. A living trust also keeps your asset and beneficiary information private and secure to avoid giving financial predators information to use against you and your family. Without a living trust, this information will be made public. For those living in Arizona, we serve the areas of Phoenix, Mesa, Scottsdale, Carefree, Prescott, Flagstaff, Tucson, Oro Valley and Arrowhead. In we serve the areas of . Contact us today at 888.222.1328 to schedule an appointment with an attorney in your area!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.
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Dan Morris says
Thanks Dave these are great thoughts and idea.