Estate Planning
Who needs estate planning?
The short answer is you do! It doesn't matter whether your estate is large or small. Many think that estate planning is just for the wealthy. Unfortunately for them, that is far from the truth. Many people are unaware of what estate planning can do for them as it can cover disability, medical, financial, gift, and business succession planning to name just a few areas.
Whether your estate is small or large, you should designate someone to manage your assets and make health care and personal care decisions for you if you ever become unable to do so for yourself.
Failure to plan ahead will result in a judge simply appointing someone to handle your assets and personal care. And your assets will be distributed to your heirs as determined by the state.
An estate plan gives you much greater control over who will inherit your assets after your death.
At the Purdy Law Firm we are committed to helping you create an estate plan that works for you, and maintain it as well. We are commited to keeping you in control of your assets, allowing you to provide for yourself and loved ones, and allow you to pass on your wealth to whom you want, when you want to.
At the Purdy Law Firm we keep your overall costs down by reducing the cost of professional fees and taxes. Through an easy, three step program we can give you an estate plan that not only works and is effective, organized, and up to date.
Asset Protection and Wealth Preservation
We have all heard about those lawsuits where somebody robbing a house gets injured and then sues the owners and wins! As each year goes by, the theories of liability keep expanding and business owners as well as individuals face an increasing risk from lawsuits and creditor liability.
Asset protection may help to protect your estate from potential creditors allowing you to preserve your estate for your loved ones. At the Purdy Law Firm, we help guide you through the process of creating an asset protection plan that protects what you’ve worked so hard to get.
Business Planning and Succession
Running a business is hard work and selecting the most appropriate entity for business can make a big difference in planning for tax avoidence and deferal, protection from creditors, wealth accumulation, and retirement. A solid succession plan helps the owner to maximize value received while minimizing the effects of taxation when exiting.
At the Purdy Law Firm we can provide you with comprehensive solutions to meet your business needs whether you're just starting your first business, restructuring your existing business, buying and selling a business, or just managing the day-to-day concerns of your current business.