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You might think you have an estate plan that covers all the bases, but when was the last time you had it reviewed by an attorney? Have you revised it since naming a guardian for your newborn baby? Are all of the heirs and beneficiaries you named still relevant and alive? If you executed it in another state, are you missing out on tax-saving opportunities in Georgia? When you meet with John Boscoe, he will help you resolve all of these questions and ensure that your estate plan is designed to protect what matters most to you and achieve your goals for the future.
What We Do at Boscoe Law
Unlike attorneys who offer estate planning as one of many services, John Boscoe focuses his practice on estate planning and asset protection so that he can provide the highest level of service without distractions. Some of the services he offers to clients in and around Milton and Alpharetta include:
- Comprehensive estate planning. This includes developing tailored estate plans that address the unique needs and goals of high-income clients, including strategies to preserve and transfer wealth, minimize estate taxes, and provide for loved ones.
- Tax planning. Advising on tax-efficient strategies to minimize federal and state estate taxes, gift taxes, and generation-skipping transfer taxes is a key part of estate planning, particularly for high-net-worth individuals.
- Asset protection. What are your vulnerabilities? A solid estate plan includes strategies to shield assets from potential creditors, lawsuits, and other financial risks.
- Business succession planning. If you are a business owner, planning for what you want to happen to the company you have built in the event you become incapacitated or die unexpectedly should be a part of your personal estate plan. We assist high-income business owners in creating succession plans to ensure a smooth transition of business ownership and management to the next generation.
- Charitable giving. If it is important to you, we can help you create charitable giving plans and philanthropic strategies that align with your values and financial objectives.
- Trust formation. At the heart of a comprehensive estate plan are trusts. Establishing various types of trusts, such as revocable living trusts, irrevocable trusts, and special needs trusts, can help you achieve specific goals like probate avoidance, asset protection, and provision for beneficiaries with disabilities.
- Plans for incapacity. We will help you draft documents that grant authority to trusted individuals to make medical and financial decisions on your behalf in the event of incapacity.
You may need one, several, or all of these services, and the beauty of Boscoe Law is that we can customize the services we offer to be a perfect fit for what you need. We never push more than you need, and we have the knowledge and determination to meet even the most challenging situations and find a solution.
Essential Documents for a Comprehensive Estate Plan
You've built a life, family, career, and business worth protecting. Hire an attorney who focuses on Custom Designed Estate Plans. You and your family deserve personalized treatment!
If you fail to create an Estate Plan, Georgia state law forces an Estate Plan you may not like.
- Last Will and Testament. This basic document outlines how your assets will be distributed after your death. A will is better than nothing, but it's important to recognize its limitations. A will does not avoid probate. A will only goes into effect upon death, not incapacity. A will does not protect assets nor keep the identity of your heirs private.
- Revocable Living Trust (RLT). Almost everyone could benefit from establishing a revocable living trust. This tool enables assets to be transferred to beneficiaries outside of probate, provides for the management of assets during incapacity, and offers potential tax advantages.
- Durable Power of Attorney. Regardless of your age or current health status, you should have powers of attorney for health care and finances. This document grants authority to a designated individual to manage your affairs if you become incapacitated.
- Advance health care directive. This informal document outlines your wishes regarding medical treatment and appoints a health care agent to make medical decisions on your behalf.
- HIPAA authorization. This is a simple but important form that allows health care providers to share your medical information with designated individuals.
- Beneficiary designations. Beneficiaries on life insurance policies, retirement accounts, and investment accounts need to be updated regularly to ensure they align with the overall estate plan.
Speak With a Milton and Alpharetta Estate Planning Attorney to Protect Your Family and Your Assets
Life is unpredictable. Don’t wait any longer to do the one thing that could protect your family and your assets if the worst happens. Contact us today. We will answer your estate planning questions and schedule an in-person meeting to discuss your Georgia estate plan.