Estate Planning Strategists.com.  Providing Estate Planning and Wealth Preservation Strategies and Services for U.S. Citizens and Residents

No matter how large or how small your estate may be, we can provide you with the proper estate planning structure to protect your estate now and for future generations.

Frequently Asked Questions

23 FREQUENTLY ASKED QUESTIONS

1. I have a Last Will and Testament and a Living Will. Why do I need anything else?

2. Is probate really that bad? Doesn’t probate insure that everyone gets their fair share after I am gone?

3. My estate is very modest (under $150,000). Do I really need a Living Trust?

4. I own several rental properties. What can I do to protect myself from lawsuits by tenants or their visitors?

5. As a licensed physician, I am very concerned about the rising costs of malpractice insurance as well as high litigation awards. How can I protect myself?

6. I have a child who is disabled. How can I best handle his needs, yet retain my assets to pass on to my other children?

7. I have a child who has a substance abuse problem. What can I do to make sure that he does not waste his inheritance?

8. What can I do about an heir with a large outstanding tax liability?

9. I own a business. How can I successfully pass this business on to my children?

10. I own a large contracting company which involves the use of several company vehicles. What can I do to limit my liability exposure?

11. What do I do about a child whose spouse always seems to be interfering in the business of our company?

12. What exactly is a "revocable trust"?

13. What is a "charitable remainder trust"?

14. What is a "life insurance trust"?

15. What is a "family limited partnership"?

16. What is a "limited liability company"?

17. How private are these structures (e.g., revocable living trust, limited liability company, limited partnership, etc.)? Are they somewhat like public corporations?

18. Why do you tend to use only certain states as the Resident Agent for limited liability companies and family limited partnerships?

19. If I establish an LLC in another state with their Resident Agent, do I have to give up control of my business that I have worked so hard to build?

20. Will you keep me updated if there are any changes in the laws that might apply to my particular situation?

21. After I establish my estate plan, if I have any questions do you charge me for phone calls to obtain answers to these questions?

22. How do you deal with clients who are out-of-state?

23. Can you briefly describe what you mean by an "inadequate" estate plan?