Estate Planning Is Not Just About the Legal Documents, Elder Law Attorney, Woodstock, GA

It is not enough to just get a pile of legal documents that make up an estate plan. The legal documents themselves are limited if you have not considered what it really means to transfer wealth from one generation to the next and have not planned accordingly.

It does not actually take very much to have an estate plan. A few simple documents, such as a will and a general durable power of attorney, can be considered an estate plan, but a truly effective estate plan is rarely so simple. The best estate plans are carefully considered to optimize the smooth transfer of wealth from one generation to the next. Recently, Forbes discussed what a wealth transfer plan includes in “The Difference Between Having An Estate Plan And A Wealth Transfer Plan.” The highlights include:

  • A good plan facilitates passing on not only wealth but also your goals and sound financial management strategies.
  • Encouraging your heirs to invest wisely and not waste newfound wealth.
  • Do not necessarily just give assets to heirs, but do so with the best legal instrument to preserve that wealth.
  • Let your family know what advisors you trust so that they know who to turn to for advice.

Working with qualified legal counsel can help ensure you do more than just plan your estate for death, but also incorporate wealth transfer planning so your estate lives on after you to the benefit of your heirs and beneficiaries.

Reference: Forbes (July 18, 2016) “The Difference Between Having An Estate Plan And A Wealth Transfer Plan

Hear From Our Clients

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce

Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

- Marcia

I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!

- Ben