Everyone needs to plan ahead for what happens when they can no longer be called upon longer call the shots. Too many people only become concerned with estate planning near the end of their lives, but the truth is that it’s something they should be thinking about long before it may potentially be needed. Estate planning allows you to determine how your medical decisions will be made in the event that you can’t voice your wants and needs and it also uses different techniques to facilitate the transfer of your assets after you pass away. It’s essential to begin planning for the future, and there’s no time to do so like the present.
Protecting your assets and creating a business plan that meets your needs is essential for everyone regardless of their financial circumstances. Whether you are a new entrepreneur, run the family business, or are a professional who needs to think about potential liability issues, asset protection and business planning is a necessity.
Starting a small business is something many people only dream of during their lifetime. If you plan to act on that dream, you will find that there are numerous steps you will need to take before you can officially open your doors for business. Because we understand how much time it takes just compiling a list of “business planning steps,” we compiled one for you. Every business venture is unique. Your business may require additional steps beyond those we have included; however, most small business will need to go through at least the following steps:
Elder Law & Medicaid Services
Confused about Medicaid? You’re not alone! The complexity surrounding this constantly changing area of the law can sometimes feel overwhelming… it doesn’t need to be.
Caring for the elderly and ensuring their assets are protected are some of the primary services offered by our law firm.
Estate Planning Services
If you are like most people, you have little idea of what an estate plan actually is, or why you might need one. The reality is that every capable adult in the states of North Dakota and Minnesota need to create an estate plan as soon as they turn 18. Regardless of whether you are married, divorced, have children, are retired, are just starting out in life, or anything else, there are some legal choices you can only make by creating the appropriate estate planning tools and devices.
Family Owned Businesses & Farms
For people who have family-owned and operated farms, ranches, or other businesses in North Dakota and Minnesota, taking the time to determine how you want to transfer that business after you are no longer in the picture is something that takes a lot of careful preparation and thought.
Financial Planning Assistance
Our law firm’s philosophy has always been to help families preserve their wealth and achieve their long-term financial goals. The coordination of the estate plan and financial plan is vital.
We offer FREE estate and financial plan reviews. During these complimentary reviews we will:
Every capable adult in the Grand Forks, North Dakota area should take the time to create an incapacity plan. German Law Group, PC has years of experience helping our clients do exactly that. Whether you are healthy or ill, young or old, or anything else, you need to develop an incapacity plan immediately.
The concept of legacy planning is slightly different from estate planning. With estate planning, people focus on what they want to happen to their possessions after they die. Legacy planning, on the other hand, looks beyond simple questions of property and focuses on issues that many of us hold dear. A legacy plan is about protecting the values and goals you believe are most important.
LGBTQ Estate Planning
Estate planning is critical for everyone: single, married, straight and LGBTQ. However, for the LGBTQ community, estate planning provides protections to help guard against discrimination when people are reluctant to recognize your relationship, even if you are married.
When it comes to protecting your pet, no one does it better than you do.
You love them…
You feed them…
You make sure they have everything they need to live a happy, healthy life.
Special Needs Planning
Families who have a family member with a disability must plan for the future very carefully. How assets are left after your death can have a tremendous impact on the quality of life for that person. In the past, a Will may have been enough, but times have changed. To protect a person with special needs, a well-defined estate plan is vital.
Experiencing the death of a family member, close friend, or loved one is never an easy time. Managing the legal process that follows is often very difficult, especially for people who have no experience with it.
Dealing with probate and trust administration is never something you want to do alone. You need the advice of experienced attorneys who know what the legal realities are and who can provide you guidance and assistance in your time of need.
When someone dies leaving behind property, that property has to be distributed to new owners. This is what the probate process is all about. Whether someone dies leaving behind a last will and testament or dies without leaving behind any estate planning tools at all, the probate process addresses what happens to estate property.