As seasoned Sacramento estate planning attorneys, we know that when people fail to complete proper estate planning, those left behind can often be emotionally and financially devastated. Add a successful business to the mix and the possibility of adverse tax consequences, and the stakes get even higher. Now is the time to ensure your family or your beneficiaries financially flourish after your exit, with Krogh and Decker, LLP by your side.
Plan for your future with Krogh & Decker's estate planning services. Our experienced attorneys provide personalized solutions to help you protect your assets and provide for your loved ones. From wills and trusts to probate and estate administration, we are here to guide you every step of the way. Contact us now to schedule a consultation.
Ensuring Your Estate Plan Matches Your Business Goals
You may be wondering, is now the best time to draft my estate plan? I am young, I am healthy, and my business is thriving.
The short answer is: yes.
There is no better time than right now to be proactive for those you love. Tragedy is random, and as much as you do not want to consider the concept, it is best to be prepared. If the unthinkable happens without the proper plan in place, your life's work: your family and your business could be left floundering.
Many individuals, especially those with substantial assets, opt for a trust to provide detailed and secure directions for how their property, funds, and investments will transfer after they are gone. A trust is optimal because it completes the hard work of how assets will be distributed up front and can be simple or more complex depending on the individual's needs. Without a trust, assets pass through probate: a tiresome court process that prompts attorneys to be hired and assets to be handled through routine procedures rather than with special care.
Probate is generally not an enjoyable process for heirs and beneficiaries, and it does not always follow the expected course. Trusts, on the other hand, allow maximum control over the process.
At Krogh & Decker, LLP, we take a wide-angle lens to your financial picture curating an estate plan that evolves with you while avoiding unnecessary tax consequences and keeping the best interest of your business and loved ones in mind.
Planning: The Only Way to Protect Those You Love
You worked tirelessly to build a business that brings value to the world and a family that brings joy to your life. A business succession plan is only one-half of the equation. Ensure your assets are handled with care after your death by seeking the counsel of Sacramento's best estate planning attorneys.