At Brown, Lacallade & Lange, P.C., we break down our foundation family wealth planning into four levels so that each family can get what they want and need without paying for anything they don’t. Those levels are:
The Family Plan
Our Family Plan is designed for those who don’t have assets that would have to go through the court process called probate, but do want to do everything possible to make sure that their minor children will cared for by those they choose no matter what and to formalize who their health care agents will be and what care they will receive if they become permanently unable to communicate their wishes. This family does not have sufficient assets to be concerned about Guardianship and so will rely on a durable power of attorney to empower someone to control their assets if they become incapacitated, being aware that there is a risk that a durable power of attorney may not work when needed.
The Family Plan is a very basic will-based plan that provides the peace of mind of knowing we are here to help you navigate the storms of life and will be here for your family when you are gone.∞ The Family Plan also includes Living Wills, Guardian Declarations, Property and Medical Powers of Attorney, HIPAA Authorizations, and other components. It does not include sophisticated custom will, trust, asset protection, estate tax avoidance, or Medicaid/VA planning.
If you have minor children, your Family Plan will include our Child Guard™ package that does all that can be done to ensure that if something happens to you, they will be raised by the people you want and in the way you want and will not wind up in foster care.
The Will Plan
Our Will Plan is designed for the family that has assets that would have to go through probate, but is not concerned about the privacy of the surviving spouse or the risk of guardianship in the event of incapacity and prefers to impose higher cost and reduced flexibility for the survivor instead of funding and administering a joint revocable trust. Clients choosing a Will Plan may opt to have Medicaid planning for the surviving spouse or estate tax planning and planning to protect their beneficiaries’ inheritance from lawsuits, loss in a divorce, and estate taxes.
Our Will Plan is a sophisticated will-based plan that provides the peace of mind of knowing we are here to help you navigate the storms of life and for your family after you are gone.
Your Will Plan will also include Living Wills, Guardian Declarations, Property and Medical Powers of Attorney, HIPAA Authorizations, and other components so that you can know that you are taken care of to the extent possible without revocable trust, personal asset protection, or Medicaid/VA planning.
If you have minor children, it will also include our Child Guard™ package.
The Trust Plan
Our Trust Plan is designed for the family that wants the total assurance and peace of mind of knowing their Family Wealth will be transferred to their beneficiaries with the most ease and convenience possible in the privacy of our office without publicity or court involvement and that if they become incapacitated, their successor Trustee, instead of a court-supervised Guardian, will manage their affairs. Clients choosing our Trust plan may opt to have Medicaid planning for the surviving spouse or estate tax planning and to protect their beneficiaries’ inheritance from lawsuits, loss in a divorce, loss to nursing home costs, and estate taxes.
Our Trust Plan is a revocable living trust-based plan that provides the peace of mind of knowing we are here to help you navigate the storms of life and for your family after you are gone.
Your Trust Plan will also include Living Wills, Guardian Declarations, Property and Medical Powers of Attorney, HIPAA authorizations, and other components so that you know that you are taken care of to the extent possible without personal asset protection or Medicaid/VA planning.
Your Trust Plan will also include our Child Guard™ package if you have minor children.
If you choose our Trust Plan, we will analyze how each of your assets is titled or designated and prepare an asset spreadsheet confirming what you own and how it is held. We will identify and help you with the tasks of putting your assets under the umbrella of your revocable living trust, but doing so will be your responsibility.
The Wealth Plan
Our Wealth Plan is for the family that wants the total assurance and peace of mind of our Trust Plan AND the comfort of knowing that assets transfers have been taken care of by our office. It is appropriate for those who want the least investment of their personal effort and don’t mind the cost of getting the greatest amount of convenience and care. With a Wealth Plan, WE DO IT ALL FOR YOU!
Our Wealth Plan is a revocable living trust-based plan that includes all the components of our Trust Plan PLUS we take care of all of your asset transfers and beneficiary designation changes. We will analyze how each of your assets is titled or designated and prepare an asset spreadsheet confirming what you own and how it is held. Then we will complete all of the forms and requests necessary to transfer every asset and designate every beneficiary for the maximum protection of your family and your assets without personal asset protection or Medicaid/VA planning.
Your Wealth Plan will also include our Child Guard™ package if you have minor children.