The Flanigan Law Group, A Professional Corporation
Call Our Irvine Office Today
Click Here To Call Now
Local: 949-450-0041
Toll Free: 800-732-2413

Important non-tax benefits of estate planning

The focus for many people at the end of the year is on the holiday. After all, it is a time to take time away from work and enjoy the company of family. For others, it is a time to maximize opportunities to reduce one’s tax burden in anticipation of the New Year. While tax planning is important when it comes to creating and revising one’s estate plan, it is important to not lose sight of non-tax benefits of estate planning.

This post will highlight a few of those benefits.

Taking care of beneficiaries – Ultimately, the goal of any estate plan is to leave a legacy for those you leave behind. Because of that, estate planning can include the creation of a trust to assist in preserving and distributing the proceeds of an insurance policy. After all, some beneficiaries must be protected from themselves after inheriting a large sum of money.

Naming guardians – In the event something happens to you, and you are no longer able to care for your children or make decisions on their behalf, it is important to name a guardian. Naming caretakers (i.e. legal guardians) for your children is another critical non-tax benefit of estate planning.

Conservatorships – In the same vein, you may want to name someone who can care for you or make decisions on your behalf in the event you are no longer able to do so. A conservatorship can legalize such a relationship so that your appointed designee can care for you make important decisions if you are not able.

If you have questions about non-tax benefits, an experienced estate planning attorney can help.

No Comments

Leave a comment
Comment Information

Learn How We Can
Help You

Send Us An Email

How May We Help You?Send Us An Email

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

15615 Alton Parkway
Suite 450
Irvine, CA 92618

Toll Free: 800-732-2413
Fax: 949-271-6346
Map & Directions