Delta Schools FCU understands the importance of estate planning and protecting your family with a trust. That is why DSFCU has partnered with a well-respected and trusted Law Corporation of Smith McDowell & Powell to provide our membership a trusted source for all of your inheritance needs.
Not having an estate plan is like not having locks on your front door – your belongings are at risk of being taken when you are not around to protect them. Unfortunately under the current legal environment, without the proper protections the government can deplete a loved one’s estate significantly upon their passing. A good estate plan will preserve as much of the property as the individual needs (or wishes to retain) during his or her lifetime, and minimize taxes and administrative costs when the property is ultimately passed on to relatives, friends, or other designated beneficiaries. The attorneys of Smith, McDowell & Powell are well versed in estate planning, business planning and probate, and can provide assistance to individuals and couples needing a plan in place to protect and/or distribute their assets.
People seem to equate ‘estate planning’ with ‘wealth planning.’ Perhaps a more accurate term would be ‘inheritance planning.’ A well prepared estate plan will allow you to control your assets after you are gone, conserve their value, and provide convenience for your heirs during what will likely be a challenging time for them. Generally speaking, if you intend to pass on less than $100,000.00 in assets, an estate plan may not be for you. If you believe your estate exceeds that amount, you should likely consult with an attorney to ensure the most efficient and convenient transfer from your generation to the next.
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