Montgomery Law Firm, LLC

A Will is a legal document that describes how your assets should be distributed in the event of death. The actual distribution, however, is controlled by a legal process called probate, which is Latin for “prove the Will.” Upon your death, the Will becomes a public document available for inspection … [Read more...] about What’s the difference between having a Will and a Living Trust?

A Family Wealth Trust is the main component of a Legacy Wealth Plan and covers important issues other than avoiding probate. … [Read more...] about What is a Family Wealth Trust?

YES. But your family may not like it. The government’s estate plan is called “Intestate Probate” and guarantees government interference in the disposition of your estate. Documents must be filed and approval must be received from a court to pay your bills, pay your spouse an allowance, and account … [Read more...] about If I don’t create an estate plan, won’t the government provide one for me?

Traditional estate planning is focused on financial assets and is concerned with avoiding probate and estate taxes. On the other hand, Legacy Wealth Planning is concerned with financial and non-financial assets of a family and creating a family’s personal legacy plan. Legacy Wealth Planning … [Read more...] about What is the difference between “traditional” estate planning and Legacy Wealth Planning?

Most of us spend a considerable amount of time and energy in our lives accumulating wealth. With this, there comes a time to preserve wealth both for enjoyment and future generations. A solid, effective estate plan ensures that your hard-earned wealth will remain intact as it passes to your … [Read more...] about Why do I need an estate plan?

Traditional estate planning (Wills and Trusts) focuses on the accumulation, the preservation, and the distribution of only your financial assets and worldly possessions. It protects material wealth from probate and minimizes taxes. … [Read more...] about What is “traditional” estate planning?