Keep the Government and Lawsuit Happy Opportunists Away From Your Children’s Inheritance
Why You Should Consider Protecting Your Children’s Inheritance
If you’ve already set up an estate plan, take a moment to review it. Does it currently distribute your assets outright to your children, perhaps in stages as they reach certain ages? If so, you may be missing out on a significant opportunity to safeguard their financial future for generations to come.
Protect Your Children’s Inheritance from Uncertainty
Leaving your children a nest egg protected by a trust offers invaluable benefits. It shields their inheritance from potential threats such as lawsuits, divorce settlements, and excessive estate taxes.
Even if you believe your children are unlikely to face legal challenges, divorce remains a common issue that can unexpectedly impact inheritances. Protecting their assets in a trust ensures that what you leave behind remains safe and intact.
Estate Taxes: A Costly Consideration
The current federal estate tax rate stands at 40%, and it has been as high as 55% in recent history. In addition to federal taxes, many states impose their own estate taxes. By structuring your estate plan to include a Lifetime Asset Protection Trust, you can potentially save your family up to 40 cents on every dollar passed down through generations.
For instance, if you leave a million dollars outright to your children, a taxable estate upon their death could mean that your grandchildren receive significantly less, with a substantial portion going to taxes unnecessarily.
The Benefits of a Lifetime Asset Protection Trust
Choosing to leave assets to your children through a Lifetime Asset Protection Trust ensures that your hard-earned wealth remains within your family’s control and protected from external threats. This trust allows your child to manage the assets as the trustee, deciding how they are invested and used over time.
Moreover, it provides flexibility, allowing your child to balance control and protection based on their individual circumstances. Whether they wish to invest in business ventures, education, or charitable endeavors, the trust empowers them to make informed decisions without jeopardizing the assets’ security.
It’s Not Just About Wealth
Even if your estate is modest, protecting even a small sum can have a profound impact over generations. By safeguarding assets from taxes, lawsuits, and divorce settlements, you ensure that every dollar contributes to your family’s long-term financial stability and growth.
Imagine the transformative potential of leaving a modest amount in a Lifetime Asset Protection Trust. What starts as a small investment can blossom into a significant legacy, supporting future generations in ways you may never have imagined.
Take Action Today
Securing your family’s future begins with thoughtful estate planning. Whether you’re creating a new plan or updating an existing one, consider integrating a Lifetime Asset Protection Trust to maximize protection and control over your legacy.
To learn more about how this trust can benefit your family and ensure your wishes are upheld for generations to come, schedule a consultation with us today. Our team is here to guide you through the process, offering peace of mind and confidence in your estate plan’s ability to withstand the test of time.
Contact us now at 608-285-2747 or email lisa@zardalaw.com to take the first step toward securing your family’s financial future. Don’t wait—start planning today for a legacy that endures beyond your lifetime.
This article is a service of Zarda Law, S.C. We do not just draft documents; we ensure you make informed decisions about life and death, for yourself and the people you love. That's why we offer Legacy Planning Session, during which you will get financially organized and make all the best choices for the people you love. You can begin by scheduling a Legacy Planning Session and mention this article to find out how to get this $750 session at no charge.
