Planning Is Key
"Family inheritance defaults to taxman."
"Creditors liquidate late entrepreneur's estate."
"Business owner leaves legacy through foundation, scholarship fund."
Which of these scenarios will describe the future of your wealth?
Assets representing a lifetime of achievement can easily slip into the hands of the IRS or other parties. Wealthy individuals and business owners don't need a will to protect their legacy-they need a plan.
The McLawhorn Firm specializes in helping clients understand all of their options and create a smart plan for the future.
We help senior-level executives, lawyers, physicians and business owners maintain control of their hard-earned wealth, with a focus on:
- Minimizing taxes. With no plan in place, the IRS can take up to 35% of your estate away from your family. Our familiarity with the tax code-from inheritance tax statutes to exemptions to estate tax reductions and deductions-can help you avoid costly payouts. How much would you pay without a plan?
- Protecting assets from creditors and litigation. Don't let incomplete planning make your estate or company vulnerable to outside forces. We'll help you set up an asset protection structure that keeps you covered, well into the future.
- Taking care of family. Now is the time to make sure children, parents, spouses and other loved ones continue to receive the support you've worked hard to give. We can set up vehicles that take care of your family and preserve your legacy, such as a children's trust, a charitable trust or a foundation in your name.
- Taking care of business. Who will control your business if you die or become incapacitated? What policies should be in place? At what point should you enlist an asset protection attorney or litigator? We help you answer all the important questions.
Smart, Knowing, Attentive
Why do high net worth individuals and business owners enlist The McLawhorn Firm for estate planning and asset protection?
- Knowledge. You may hate the tax code, but we love it, enough to be deeply familiar with its many intricacies and opportunities for wealth preservation.
- Experience. We understand the complexities of your world and the wide range of vehicles and services from which you can benefit.
- Personalized attention. We customize all plans to our clients' unique situations and needs, to give them the most effective asset protection available.
The Time to Plan is Now
It's human nature to keep the future at arm's length-but it's a smarter move to plan for the future today. 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.
