WHO NEEDS ESTATE PLANNING?
Estate planning is not about how much money you have. It is about protecting what you have for you during your life and for those you love after you’re gone. It ensures that what you have gets to the people you love the way you want, when you want. Estate planning really is for everyone. It doesn’t matter if you have $40,000 or $400,000, you still have to plan for the future, whether it is to name a guardian for your minor children or ensure your children do not “blow through” your assets if you unexpectedly die or become disabled. If you were to die today, are you comfortable everything will be taken care of the way you want? Estate planning is legally ensuring things will be handled the way you want by providing sufficient instructions. If you do not leave your own instructions, then the laws of the State of Louisiana will dictate who receives your assets when you pass away.
WHAT DO I NEED?
Estate planning can be as simple as a will, health care proxy/living will and power of attorney. It can also include a revocable probate avoidance trust, asset protection trust, multi-generational tax-saving trust, tax saving charitable trust, private family foundations and many other fact specific strategies. Estate planning is not just about what happens to your assets after you pass away. Effective estate planning looks at all of the issues from death and disability to Medicaid and nursing home care. The Law Office of Julie R. Johnson strives to provide comprehensive options for ensuring the financial security for you and your loved ones through proper asset ownership – protecting your assets through the use of trusts and other legal instruments, and control of process – creating a legal “rulebook” that permits your family to carry out your wishes and promote your values when you are no longer able to, without unnecessary legal process or courts.