Everyone needs to plan ahead for what happens when they can no longer be called upon longer call the shots. Too many people only become concerned with estate planning near the end of their lives, but the truth is that it’s something they should be thinking about long before it may potentially be needed. Estate planning allows you to determine how your medical decisions will be made in the event that you can’t voice your wants and needs and it also uses different techniques to facilitate the transfer of your assets after you pass away. It’s essential to begin planning for the future, and there’s no time to do so like the present.
Each and every situation is unique, so your plan must be as well. Here are some of the ways that the Law Office of Michael Robinson can help you secure your future and the futures of the ones you love most.
Asset & Business Planning
When you work hard to acquire assets, you must take steps to protect what you’ve earned, and business owners are especially vulnerable to litigation. An experienced attorney can assist you in choosing an appropriate structure for your organization, set up contracts to protect your personal investment in the business, and keep your personal assets safe. Don’t leave the future of your business—your personal future—to chance.
Family-Owned Businesses & Farms
You have worked hard for your entire life to leave behind a legacy, but unfortunately, more than 70% of family businesses won’t survive a transition to the next generation. The probate process and fighting among heirs can both undermine business operations, but the one issue that most commonly plagues a business are estate taxes. By using strategic methods of transferring ownership, Medicaid planning, incorporation, trusts, and joint-ownership, we can help to prevent your loved ones having to face selling off what they inherited in order to pay taxes for it. We can help you to create a plan today that will protect your family legacy tomorrow.
LGBTQ Estate Planning
For lesbian, gay, bisexual, and transgendered people in the Rochester, New York area, the question of what is available to you when you decide to create an estate plan is often complicated. Not only are the laws surrounding this area changing on a nearly daily basis, but LGBTQ individuals and couples often have issues they must make sure they adequately address in their estate plans that heterosexual individuals and couples do not have to worry about. Be 100% prepared for whatever comes your way with incapacity planning and inheritance planning designed by the pros.
Legacy Planning Services
Perhaps your goal is to leave a strong and stable family with generational wealth, or perhaps you want to give to a charity that is important to you so you can make a difference in many lives. The bottom line is that when you pass away, you do not just want to leave behind money and assets—you want to leave behind a legacy. We know that you have clear ideas on what you want to be remembered for and how you hope to take care of your family, friends, and causes you care about long after you are gone, so by listening carefully to your dreams and applying our unique knowledge of the law, we can help to make your legacy a strong one.
Trust Administration & Probate
Dealing with the death of a loved one is never easy. It is also a situation that can become far more stressful when a probate or trust administration issue arises. Most people have little experience with, or knowledge of, either probate or trust administration. These two areas of the law can require a lot of time, attention, and expertise.
If you are a pet owner living in the Rochester, New York area, the thought that you might die or become incapacitated and leave your pets uncared for is something you never want to seriously entertain. Unlike most of the people in your life, your pet will not be able to provide for his or her own care after you are gone, so now is the time to prepare with a pet trust. By creating a pet trust you can set aside some money that will be exclusively devoted to ensuring that your pet’s needs are cared for in the future, and only a local and experienced attorney can help you do it.
Elder Law & Medicaid Planning
Considering the realities that come with age, especially the legal implications, is what elder law is all about. Whether you are nearing retirement, have an elderly parent you are worried about, or are simply interested in learning more about the legal issues that you might face as you age, talking to an attorney that specializes in elder law and Medicaid issues is a necessity.
Special Needs Planning
When someone you care about has a diability, planning for their future is of utmost importance. Unfortunately, providing for the needs of someone who has special needs can be complicated for many reasons, so a qualified attorney to help you ensure the money is used appropriately for the benefit of the individual, ensure you are leaving enough money behind, and ensure the money and assets you leave to the individual with a disability do not jeopardize government benefits. Make sure they are provided for tomorrow and start planning today. There are strict requirements and specific steps to take to create a special needs trust, so you should get in touch with a legal professional today who can help you to provide for a relative or loved one with special needs.
What do you want to happen to your property, your family, and your legacy after you die? These are the questions at the heart of estate planning in Rochester, New York . Through the creation of a comprehensive estate plan, you and your attorney will develop tools that will allow you to rest assured that you know exactly what will happen to your property after you die. Your plan will also allow you a number of other benefits, but, most importantly, will give you peace of mind in knowing that you’ve done everything you can to protect your family and your interests.
It’s a common misconception that estate planning is something only the elderly need to consider, but this couldn’t be farther from the truth. In fact, it is essential for families with young children to consider their options for caregivers and to have their financial affairs in order in the event they are unable to continue providing for their small kids. Be prepared, come what may, and set your children up for success today with a solid estate plan.