Is your family protected?
A custom estate plan benefits everyone. Whether you are looking to manage your property while you are alive, to protect your loved ones in case of disability, to plan for a family business succession, or to guarantee that your assets will be inherited by your loved ones, it is essential that you have an estate plan in place.
Toburen Law is well-versed in the state and federal laws regarding estate planning. Attorney Mike Toburen will work with you to understand your goals to develop a comprehensive, custom estate plan that is designed to protect what matters most to you.
We all want to live our lives according to our values and beliefs, and with as little government involvement as possible. And most of us dream of building a nest egg that will provide a comfortable retirement with enough left over to leave an inheritance for future generations. The only way to accomplish those goals is to have an estate plan in place.
Without an estate plan in place, your assets will be distributed upon your death according to state law as administered by a judge - not according to your wishes. Without an estate plan, you cannot leave money to a church or favorite charity; you cannot leave money or assets to anyone who is not a family member; you cannot designate certain individuals to inherit a family heirloom or other property; you cannot restrict the conditions under which your children receive their inheritance; and you cannot disinherit someone who should not receive a portion of your estate.
While we often think of estate planning as a way to distribute assets when we die, a comprehensive estate plan should also protect you while you are alive, and if you become incapacitated. Without a durable power of attorney - one for financial decisions and one for healthcare decisions - there is no one who can legally manage your affairs if you become unable. Even your spouse cannot make these decisions for you if you do not have a durable power of attorney in place.