MMT Estate Planning offers expert guidance in creating wills, trusts, and estate plans, ensuring your assets are protected and your loved ones are cared for.

Estate Planning, why do I need it?

Estate planning is highly beneficial to your family bloodline for many reasons, especially when thinking long-term about protecting your family’s assets and ensuring their smooth transition from one generation to the next. Here’s how estate planning benefits your family and its future generations:

  1. Asset Protection and Legacy Preservation:
    • Proper estate planning ensures that family assets (real estate, investments, businesses, heirlooms, etc.) are protected and passed down according to your wishes, safeguarding your family’s financial stability for generations.
  2. Minimizes Family Conflict:
    • Without a clear estate plan, family disputes can arise over the division of assets. A well-crafted plan reduces confusion and potential disagreements, promoting family harmony and reducing the likelihood of expensive legal battles.
  3. Avoiding Probate:
    • Estate planning tools like revocable living trusts can help your family avoid the lengthy, expensive, and public probate process, ensuring that your assets are distributed efficiently and privately to your heirs.
  4. Tax Efficiency:
    • Thoughtful estate planning can minimize estate and inheritance taxes, preserving more wealth for your family. You can set up strategies like gifting or using trusts to reduce the tax burden on future generations.
  5. Continuity of Family Businesses:
    • If you own a family business, an estate plan can outline succession planning, making it easier to pass the business to the next generation smoothly, without jeopardizing its survival.
  6. Ensuring Financial Support for Children and Dependents:
    • Estate planning can provide for minor children or other dependents by establishing trusts or guardianship arrangements, ensuring they are financially secure and well-cared for, even if something happens to you unexpectedly.
  7. Preserving Cultural and Family Values:
    • Through documents like family mission statements or charitable foundations, estate planning can help perpetuate the values, beliefs, and philanthropic efforts that are important to your family, passing them down to future generations.
  8. Control Over Healthcare and End-of-Life Decisions:
    • Our Estate Plans include health care directives and powers of attorney, ensuring that family members can carry out your medical and financial wishes if you become incapacitated, reducing uncertainty during difficult times.

By ensuring proper planning, you help preserve wealth, reduce potential conflicts, and establish a clear plan for future generations to follow.

Start planning today: Call 404-491-1766.

What Is Estate Planning?

Why Is Estate Planning Important?

Estate Planning is the creation of a specific plan for managing your wealth while you’re alive and distributing your wealth after your death.  When we talk about an estate, we mean all assets of any value that you own, including property, insurance proceeds, business interests, investments, personal property and even your personal effects.

Most of the people we meet have no estate plan at all or have an estate plan which will not fully protect their legacy or their loved ones. Estate Planning is something none of us really like to think about, and it is something you may assume you don’t need if you are young or if you aren’t wealthy. Unfortunately, if you fail to plan for a death or incapacity, you and your family could end up in a difficult situation with legal issues when it is too late to resolve them. Estate-Planning.net makes the estate planning process easy for people of all walks of life. Our legal team works with you to define what it is you want to happen or not happen in the event of your death or incapacity.  We identify your goals for your estate plan and make use of the legal tools which provide the maximum protection for you in life and for your family at the end of your life.

Understanding Estate Planning

First, it’s important to understand that estate planning is a process and not an event. Your estate plan should be comprehensive, coordinated, and documented. You need to make sure that your assets are owned properly, and that your beneficiary designations are coordinated with your overall plan. Estate planning documents should not be thought of as products which can be purchased “off the shelf.” Instead, estate planning documents such as Wills, trusts, powers of attorney, and advance directives for heath care should be viewed as documents designed as part of a consultative process and intended to work as part of an overall plan.

Who Needs a Legacy Plan?

Everyone should have a legacy plan in place. It is a common misconception that only the wealthy really need to plan for their legacies, or that only senior citizens must worry about how to protect their assets and their heirs.  These myths could not be further from the truth.

There is always a risk that something could happen to you, even if you are younger. You don’t want your family fighting if you pass away unexpectedly and have left no instructions for your assets. Creating a legacy plan when you are young just makes sense to avoid potential problems which could arise with no plan in place. Even if everything works out and you live to old age, having your plan in place early on will help you to achieve more of your goals.

Creating your legacy plan can allow you much more control over your own destiny. Your plan can give you the ability to care for the people in your life and to support the causes that matter. These are things that should be a primary concern for people of all ages.

MMT ESTATE PLANNING SERVICES

WILL PLAN

Includes a Last Will, Health Care Directives & Powers of Attorney so you know that you are well taken care of if anything happens plus a guardianship plan to ensure your children are always raised by the people you want, in the way you want and never taken out of your home by the authorities.

TRUST PLAN

LEGACY PLAN