Assets After Death

Do you know the difference between an estate plan vs. a will? Most people default to thinking that a will is the only document needed for planning what happens after your death. However, if you ask a reliable source, they’ll tell you that it’s beneficial to have a will and an estate plan.

What is a Will?

A will is a legal document that clearly defines how you want your assets and belongings divided that’s used by the courts and your heirs after your death. It can also detail guardianship for your children and will name an executor responsible for ensuring administration of the will. One of the most significant benefits of a will is to prevent the courts from determining how to divide your property, which is what happens if you die without one.

What is an Estate Plan?

An estate plan goes deeper than a will when allocating and managing your assets. It can allocate what happens while you’re living should you become incapacitated and details distribution of your assets after your death. It also helps with other considerations besides just your assets, including medical power of attorney, advance directives, trusts for living heirs, power of attorney for businesses and investments, and more.

Why Have Both?

The guidance shouldn’t be estate plan vs. will but should be estate plan and will. Because they can work together to create a broader arrangement that can more completely assure the preservation of your assets, carrying out of your wishes, security for your family and loved ones, and protection for your business ventures and investments.

No matter the size and breadth of your estate, if you have any assets to protect and family to take care of, having an estate plan and a will in place will benefit them both before and after your death. Talk to the experienced family law team at McCutchen and McLean LLC for a consultation to find out how you can take care of your family, even when you’re gone.

Reviews

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James McCutchen drafted our estate planning documents and he did a fantastic job. The entire process was easy and affordable. I highly recommend James for any of your estate planning or probate needs.

Angela

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James McCutchen helped me with my business contract for my new business venture. He was able to offer helpful and informative suggestions and recommendations for my contract. It is reassuring to have someone like James look over my contract to know that I will be covered. His service was outstanding and I highly recommend him for your legal needs!!

Travis

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I recently had a tax issue with the IRS. I called McCutchen McClean law firm and they were able to fit me in quickly. They sat down with me, reviewed all the documents, listened to my concerns, and gave me wonderful advice as to how to fix the issue. They were friendly and understanding. Now, my tax issue is resolved, taking a HUGE weight off my mind. I would recommend them for any tax issue you may have! The service, hospitality, knowledge, and professionalism was outstanding!

Alasen

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We recently used James McCutchen and we could not be any happier! He was very kind, thorough when answering all of our questions and the best part of all we got everything completed pretty quickly. We highly recommend James. Thanks again for everything!

Abby

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I have referred several clients to them. My clients are very happy with the outstanding, timely service they receive. James and Robin are extremely smart and professional, yet speak in "plain english" so everyone walks away educated regarding their tax, estate or family law issue.

Gayle

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Smart people that do great work.

Charles

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I used Robin McLean as an attorney to secure a divorce about 20 months ago. I found her to be efficient, reasonably priced, and very well skilled. I was completely happy with her work. She did what she said. Since that time, I needed additional help with paperwork and she responded promptly and to my complete satisfaction. I highly recommend Robin as an attorney.

Howard

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