Preparation Is Key
"Probate keeps estate-and elderly parents' future-in limbo."
"Siblings go to court over heirloom ring."
"Through family foundation, entrepreneur's legacy lives on."
You love your family. So why not proactively prepare for their future with a plan that eliminates uncertainty, minimizes conflict and takes care of the details during their time of grief?
Estate planning isn't only for the super-wealthy-it's for anyone who financially provides for a household. If the unthinkable happens, your loved ones will have enough weighing on their hearts and minds. A smart plan helps to ease their burden and keep them well taken care of.
The McLawhorn Firm specializes in limiting exposure to risk, guarding your assets and ensuring that your legacy as a provider continues well into the future.
We tailor strategies that protect assets and keep families covered, including:
- Providing for your spouse, parents and children. We'll help you establish guardianship for your children and leave a legacy your family can draw upon well into the future. This includes using our familiarity with asset protection law, the tax code and estate tax reduction strategies to help you avoid costly payouts. (With no plan in place, the IRS can take up to 35% of your estate away from your family.)
- Clarifying who gets what (to minimize conflicts). Your word is not always enough to guarantee your inheritance wishes. We'll help you clearly choose an executor, identify your beneficiaries and lay down any rules, in a way that will be respected in a court of law should anyone contest your will.
- Navigating the complexities. Do you need a special administrator to obtain a children's trust? When should you call upon a trust litigation attorney? From making sure you have enough insurance coverage to handling property across multiple jurisdictions, we know the questions to ask-and how to find the answers.
- Avoiding probate. You've heard of it-and believe us, you want to avoid it if at all possible. If you can't, we help with this time-sensitive and often overwhelming process.
Personal, Professional, Proficient
Why do heads of households turn to The McLawhorn Firm for estate planning and asset protection?
- Knowledge. We know about the many structures, options and vehicles available to you and can advise you on the best solutions for your situation.
- Experience. We understand the consequences of not having a plan and can help you prepare for all possible situations-retirement, incapacitation, provisions for parents and children and more.
- Personal attention. Every aspect of the plan we develop for you focuses on making things seamless and easy, from where your assets are stored to how your spouse or other relatives will access them.
What's Your Family's Plan?
Family providers may not like to think about the future-but the smart ones are prepared for it. We recommend that all of our clients have at the very least an estate plan that includes:
- Last Will and Testament
- Healthcare Power of Attorney
- Financial Power of Attorney
- Living Will
Have Questions? You're not alone. Read some common ones with answers here.
Learn more about estate planning and trusts, asset protection and trusts and nonprofit law.
