Estate Planning Basics
“Where do you get started?”
Planning. Regardless of whether you’re single, married, a parent, or retired, you need it. We can help. At AlerStallings, we create customized estate plans based on your goals and on where you are in life. To learn more, watch the video below, stop by a seminar, or schedule a complimentary 15 minute telephone consultation.
“Where do you get started?”
For most, getting your emergency planning documents in place is the important first step. The living will, healthcare power of attorney, financial power of attorney and will compose the foundation of every estate plan. And parents, don’t forget to name a guardian in the case something happens to you. These are the documents you need to take care of you and your family DURING your life. Don’t delay. For help getting started, call us to schedule a complimentary 15 minute telephone consultation.
"Do you need a Trust?"
This is the quintessential estate planning question. We get it daily. Unfortunately, there is no bright-line rule or magic estate value that makes this an easy decision. Some clients have less than a $100,000, but trust planning is absolutely necessary. Other clients with over a $1,000,000 didn’t need a Trust. The answer depends on your goals. Are you concerned about probate fees, taxes, long-term care, a disabled child, a farming operation, grandkids, charities or even supporting your surviving spouse? We ask these types of questions before determining whether Trust planning makes sense. Remember, not all Trusts are the same. There’s no trust that does it all. To find out whether a Trust is right for you, call us to schedule a complimentary 15 minute telephone consultation.
"Own a Farm?"
We understand farmers. For many, deals are handled on their own and sealed with a simple handshake. Unfortunately, farming operations can be complicated. And protecting the farm from taxes, nursing home care costs, and probate requires some advanced planning. You need to decide who will run the farm when dad isn’t around and how to make sure the farm stays in the family for future generations. These are just a few of the issues we discuss when putting a farm plan together. To find out how to protect your farm, call us to schedule a complimentary 15 minute telephone consultation.
"What about my IRA?"
IRAs are confusing. At what age do you start taking money out, 59 or 70? And how much? Whether it be bad advice or simply ignoring the issue, most retirees wait far too long before taking their first IRA draw. We get it. Nobody wants to write another check to Uncle Sam. But strategically taking qualified money out over your lifetime is the only way to win the tax game. Whether it be from you, your spouse, or kids, Uncle Sam is going to get his tax money. The real question is whether you want to pay 50 cents, or 15 cents, on every IRA dollar? That’s where we come in. To find out how to protect your IRA call us to schedule a complimentary 15 minute telephone consultation.
"Small business owner?"
Business planning isn’t just for Fortune 500 companies. Most of our business clients run small- to medium-sized businesses, but still face the same big legal and planning issues as do companies twice their size. Should you form an LLC? What tax election should you make? And small business owners notoriously make it to the twilight of their careers without an exit strategy. Ignoring these issues can cause significant loss of value, additional taxes, and unnecessary stress on the surviving family members. You need a plan, and we can help. Whether you’ve delayed making out your plan or just need a second option, call us to schedule a complimentary 15 minute telephone consultation.
The process was flawless; had plenty of time to process, ask questions and revisit topics.-Ted & Pam Bibler, Fostoria, Ohio
Greg and his entire team took the time to educate us, offer guidance, and structure a comprehensive plan.-Matthew & Jaime Simon, Bellefontaine, Ohio
AlerStallings provides a valuable service to elders from any walk of life. They break concepts down so there is complete understanding.-Larry & Mary Robertson, Grove City, Ohio
Because AlerStallings only does estate planning, they are up-to-speed on all aspects and made it very easy.-Leroy & Elaine Bockbrader, Fostoria, Ohio
Bryan was very personable and geared things directly to us. We like AlerStallings because they specifically gear their practice towards estates and elderly care.-Carl & Marjorie Brown, Leipsic, Ohio
Do you need an estate plan?
How can you make sure your assets are protected from long-term care costs?
What do you do if you have a child or grandchild with special needs?