Will Your Family Receive the Trusted Estate Planning Help it Needs?
Since Kobe’s wife, Vanessa, survives him (and it’s been widely reported that they married without a prenuptial agreement), it is most likely that she will inherit everything. And due to the “spousal exemption,” those assets will pass to her tax free.
Yet despite the protection from estate taxes, if she does inherit everything directly, all of the estate-planning, financial-planning, business-management, and wealth-preservation responsibilities for Kobe’s immense fortune will now pass to Vanessa. That’s an overwhelming responsibility to suddenly have to take on, especially while she mourns the loss of both her husband and child, while raising Kobe’s remaining three daughters. Vanessa will need the advice and support of her trusted counsel now more than ever. And we sure do hope she has that support, and that it was established well before this point in time.
Estate Planning Support for Your Family
Unfortunately, many estate planning firms do not engage with the whole family when creating estate plans and the associated legal documents, leaving the spouse and other family members largely out of the loop.
Are you in the loop on the planning that’s been handled (or not) for your parents? Are the people you’ve named in your plan, or who you would want handling things for you, fully up to date and aware of your planning?
This scenario highlights the immense value of working with family-centered estate planning lawyers like us. We take the time to get to know you and your family members and include them in the planning process. We can even facilitate regular family meetings to keep everyone up to date, as your family dynamics and planning strategies evolve and change over the years.
This article is a service of Lexern Law Group, Ltd. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Family Wealth Planning Session, ™ during which you will get more financially organized than you’ve ever been before, and make all the best choices for the people you love.
You can begin by calling our office today to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.