Protect Your Estate for Your Spouse and Children

– Estate Planning & Estate Protection You Can Count On –

– Bonita Springs Estate Planning and Estate Protection Attorney –


Estate Protection for Your Spouse and Children

Overview.  Estate Protection via effective Estate Planning does not have to be out of reach to you. There are simple techniques that a husband or wife can employ to protect his or her nest egg once that nest egg passes to his or her surviving spouse and to his or her sons or daughters. Likewise, there are things that someone who is single can do to protect his or her nest egg once the nest egg passes to his or her children. You are a simple phone call or email away from starting down a path to an estate plan that will assure your nest egg will be there for the ones you love.

That phone call or email will also allow you to implement an estate plan that is conducive to family harmony. A proper estate plan can extend the estate protections and guidance that you provided to your loved ones during your lifetime.

Help your spouse and children through Estate Protection. Estate protection is not just about you- it is also about your family and their future. You may be concerned about the many difficulties that can cause financial ruin for your surviving spouse, son, daughter or grandchild. These difficulties are pervasive in today’s society. Even strong-willed, clear-thinking individuals can fall prey to alcoholism, drug addictions or gambling addictions. Some individuals who are wonderful parents have difficulty managing money. Another issue that can stand between your son or daughter enjoying his or her inheritance is divorce. Consider for a moment what would happen if your son or daughter were to divorce sometime after you pass. Absent a carefully crafted estate plan, your estranged daughter-in-law or son-in-law could end up with some of your wealth. These unintended outcomes can become a reality for the individual who simply adds his or her spouse or son or daughter to the title of his or her financial assets. These tragic outcomes are facilitated when an individual simply names his or her spouse or son or daughter as the beneficiary on all of his or her 401k or IRA accounts, deferred annuities, and life insurance.

Remarriage.  Consider what would happen if your surviving spouse were to remarry and predecease this second spouse. Most of the wealth accumulated during the first marriage could pass to the second spouse, instead of to your children. With a carefully crafted living trust, this unintended outcome can be avoided.

Retain control. The good news is that you can retain control of your wealth until you take your last breath, using a revocable living trust as a key part of your estate plan. With a living trust, you can pass your wealth on to your surviving spouse and/or children in a way that will insulate that wealth from claims of a divorcing spouse. You can leave your wealth to your heirs in ways that will protect the wealth from irresponsible behavior associated with various addictions and from financial mismanagement.


Get In Touch

I offer a free initial consultation. We can meet at my office in the Coconut Executive Center, 23150 Fashion Center Drive Suite 231, Estero, FL, 33928. We can also meet online if this is easier for you. If what I do sounds like something you’re looking for in an attorney I encourage you to contact me through the form below or call (239) 266-5671.

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