Personalized Approach To Estate Planning.
At Infinity Estate Law, we provide a different breed of estate planning. We take great pride in our comprehensive approach and in helping you protect your future, your family, and your legacy. Let us guide you through the Estate Planning process, and create a plan uniquely tailored to your specific needs. Discover more below.
Estate Planning.
Many people believe that estate planning is only for the wealthy, those with complex schemes for passing their money to their heirs, or those who are very ill and contemplating their death. This is simply not true.
Estate planning is for every husband, wife, mother, father, grandparent, business owner, or anyone who has someone they care about. It’s for anyone concerned about providing responsibly for their own well-being and for the well-being of their children or family, or for anyone who seeks to make a difference in the lives of others after they’re gone.
Comprehensive estate planning should always include an easy transition for the management of your assets in the event of your disability or death so that your estate can continue to run and function without the need for court interference.
At Infinity Estate Law, we take pride in serving as your trusted estate planning advisors. We will guide you through the choices you need to make to create an estate plan uniquely tailored to your specific needs. We will also ensure that you’ve taken the necessary steps to make sure your plan will actually work when the time comes. For example, we make sure that if we’ve set up a revocable living trust, it is properly funded and that you have coordinated any beneficiary designations on retirement accounts and life insurance policies with the rest of your estate plan.
Your comprehensive estate plan may
include the following legal instruments:
Revocable Living Trusts
Wills
Children’s Emergency Plan
Healthcare Powers of Attorney
Financial Powers of Attorney
Advance Health Care Directives (“Living Wills”)
HIPAA Releases
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If you are a parent of minor children, it is imperative that your estate plan includes documents and a process that will ensure your kids will be cared for by the people you want, in the way you want, in case something happens to you.
At Infinity Estate Law, we include a comprehensive Children’s Emergency Plan as part of all of our estate planning for parents with minor children or dependents with special needs.
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If you have a dependent with special needs, including a child, sibling, or parent, you need to incorporate special needs planning into your estate plan because this person may never be self-sufficient and may need financial and custodial assistance long after you are gone. Providing a traditional inheritance to this person could destroy his or her ability to qualify for government benefits.
At Infinity Estate Law, we can help you plan for the future security of your special needs loved one by helping you establish a Special Needs Trust. This is the most reliable way to ensure your inheritance and gifts will benefit your special needs dependent without putting his or her government benefits at risk.
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At The Wagon Legacy, we do not believe estate planning is something you can do one time and then check off your list for the rest of your life. Instead, we believe your estate plan is an ongoing process that should be reviewed and refined on a regular basis to take into account inevitable changes in your family, your assets, and the law. That is why all of our plans include a complimentary review as needed.
Leaving a Legacy—More Than Just Money
Our innovative approach fosters win-win solutions, prevents future disputes and sibling rivalries, and ensures optimal tax planning outcomes. We minimize the work needed to sustain your plan even after you’re gone. Unlike many attorneys who include complicated provisions to impress, our plans are practical and sustainable, ensuring they can be effectively executed in the future.
WHAT WE DO
Estate Planning Services.
Trusts & Wills/
Estate Planning
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At Infinity Estate Law, we take pride in serving as your trusted estate planning advisors. We will guide you through the choices you need to make to create an estate plan uniquely tailored to your specific needs. You may not need to have a living trust as part of your estate planning. Regardless of what documents you'll need, our job is to ensure that you’ve taken the necessary steps to make sure your plan will actually work when the time comes. For example, we make sure that if we’ve set up a revocable living trust, it is properly funded and that you have coordinated any beneficiary designations on retirement accounts and life insurance policies with the rest of your estate plan.
Your comprehensive estate plan may include the following legal instruments:
Revocable Living Trusts
Wills
Children’s Emergency Plan
Healthcare Powers of Attorney
Financial Powers of Attorney
Advance Health Care Directives (“Living Wills”)
HIPAA Releases
No-Fee
Trust Reviews
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We regularly assist clients in reviewing their existing Living Trust documents. We assist in the Maintenance, Restatements, Revisions & Amendments of Trust and other estate planning documents. Reviewing your trust periodically is essential to ensure that it continues to meet your needs and objectives as circumstances change. Here are several key reasons why you might have your trust reviewed:
1. Changes in Personal Circumstances
Life Events: Major life events such as marriage, divorce, the birth of a child, or the death of a beneficiary or trustee can significantly impact your estate plan.
Health Changes: If you or a beneficiary experiences a significant health change, it might necessitate adjustments to the trust to accommodate special needs or healthcare planning.
2. Changes in Financial Situation
Asset Acquisition or Disposal: Significant changes in your assets, such as buying or selling property, starting or selling a business, or receiving an inheritance, might require updates to your trust.
Changes in Income or Wealth: Increases or decreases in your overall wealth can affect your estate planning strategies, including tax planning considerations.
3. Changes in Laws and Regulations
Tax Laws: Changes in federal and state tax laws can impact estate, gift, and generation-skipping transfer taxes, necessitating a review of your trust to optimize tax benefits.
Deeds; Real Estate Title Change; Transfer to Trust; Transfer on Death Deeds
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We prepare deeds to effect any title changes. This, of course, includes transfer your property into your trust.
Conveying real estate into a trust can be a crucial step in estate planning for several reasons:
1. Avoiding Probate
Streamlined Transfer: Trusts allow real estate to bypass the probate process, ensuring a quicker and more private transfer of property to beneficiaries.
Cost Savings: Avoiding probate can save on court fees and reduce the administrative burden on your heirs.
2. Estate Tax Benefits
Tax Planning: Properly structured trusts can help minimize capital gains/income taxes, preserving more of the estate for beneficiaries.
Generation-Skipping: Trusts can also facilitate generation-skipping transfer tax planning, which can save taxes for families with significant assets.
3. Asset Protection
Creditor Protection: Assets in certain types of trusts can be protected from creditors, lawsuits, and other claims against the estate.
Marital Property: Trusts can help in managing marital property in the case of divorce or remarriage.
Trust Administration for Our Planning Clients
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An attorney plays a crucial role in the administration of a trust, providing guidance and support to ensure the process is carried out legally, efficiently, and in accordance with the trust document. At this time, we only provide administration services to existing clients who originally created their estate planning with us.