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Home » Estate Planning » There Is No “One-Size-Fits-All” Estate Plan

There Is No “One-Size-Fits-All” Estate Plan

February 13, 2012 by John Potter

One of the primary reasons why it is a good idea to work with an estate planning lawyer when you are interested in creating a holistic plan for the future is because of the personalized service that they provide.

Every family is unique, and every individual has his or her own particular vision. Exactly what you want to accomplish may be different from the next person, and this is why there is no “one-size-fits-all” estate plan.

Another reason why personal attention is key is because of the fact that estate planning is a form of financial planning. Exactly what you have and how you have it positioned is going to impact how you should arrange for the transfer of your assets. And of course the realities of the federal estate tax are something to take into consideration if your assets exceed the exclusion amount.

One should also consider the difficulties that can arise during the probate process. Depending on your situation and the precise nature of your intentions your estate planning attorney may recommend a revocable living trust rather than a last will to avoid probate.

Incapacity planning is something else that you should address, and this requires the execution of specific legal documents.

When it comes to something as important as your legacy you need expert representation. The wise way to proceed is to develop a good ongoing relationship with an Ashland KY estate planning lawyer or northern Kentucky estate planning attorney who will gain an understanding of your situation and give you sound advice every step of the way.

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John Potter
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Filed Under: Estate Planning Tagged With: Estate Planning, Inheritance Planning

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Overall The Potter Firm was very professional. They took what could of been a very complicated process and were able to break it down so it was a lot easier to understand. We are confident we now have made the right decisions in our estate planning. Good firm to work with.

DKS & KMS Client Review August 28, 2020

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John Potter has been a real pleasure to work with. He is very knowledgeable and explains things in a very simplistic manner so the average person can understand how/why the laws are written. He is very attentive and asks questions in such a way that not only helps him understand your goals, but also helps you think about what type of goals and expectations you should be considering. Exemplary client service.

David J. Client Review August 28, 2020

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My husband and I selected Ms. Potter to assist with our small business. She responsive and attentive every time I have a question or need assistance, and is extremely knowledgeable and able to answer any legal question I have had. I know I can count on Ms. Potter for all of my business legal needs and I would highly recommend her to anyone needing legal assistance with such.

Jillian Client Review August 28, 2020

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