Be prepared for whatever life throws your way

We have all seen the movies centering on a death; a sobbing, grieving widow, bereaved children and an attorney sit in an office. Before us, on the silver screen, the drama over the estate, and the inheritance ensue, tearing the family apart. While these types of movies might entertain us, leaving your own family with such a dilemma is not a pleasant thought. Estate planning may seem morbid, or perhaps uncomfortable to one that is blessed enough to currently be in excellent physical health, but it is actually one of the greatest gifts you can do and give to your children, or whomever you leave behind that loved you. One of the ways you can alleviate the pain, before leaving your family behind, is considering a power of attorney.

     In the tragic event you become ill, or incapacitated in any way, and you did not happen to plan ahead by assigning a power of attorney, your family and loved ones are left to decide major decisions for you, either medically or financially. In good times, most families get along wonderfully, they can easily agree upon things together as a unit, but sadly, in situations rife with stress, grief, and despair, it is sometimes difficult to think critically and clearly. That is where your power of attorney comes in, and relieves the doubt brought on by debilitating illness or worse.

     Choosing a POA is a daunting and important task. There are medical POAs and there are financial POAs. You can choose to use the same person for both, or you can decide to assign two separate people to each job. Your medical POA will, when the time comes, if it comes, make medical decisions for you if you cannot on your own. Your financial POA will be in charge of your money, allocating it where they deem fit, based, of course, on your best interests. That is why, when choosing, it is best not to assign anyone who may have had financial struggles of their own in the past. Nor should you plan on a POA who may hold any sort of grudge against any one of your family members.

     If your medical POA and your financial POA are two different people, it is a good idea to pick individuals who will manage to get along and be able and willing to work together. Sometimes your medical POA may need your financial POA to sign documents and disperse money owed on doctor’s bills. While all these arrangements may seem overwhelming, we here at Laymen D’Atri and Associates strive to make everything as easy and comfortable as possible. We can help to ensure, no matter what, you will be in the loving hands of those who have your best interests at heart and will be capable of making the right decisions for you. At any time, anything can happen. For the sake of your family, and your own sake, isn’t it wise to be prepared for whatever life throws your way? We think so, and we would be happy to assist in the various routes you can take to protect both you and your loved ones. Luckily life is not like the movies, we seek to be grounded in reality, and the reality is, looking out for what matters most is our utmost priority here at Laymen D’Atri and Associates.

Contact Us Today!

At Layman D'Atri & Associates, we are devoted to working with our clients to help them determine their long-term personal financial goals. We also work with our clients in building their estate assets with a view to minimizing tax liabilities. Protecting wealth for your loved ones and yourself is equally important to us, that is why we are here to help you.  We focus on a broad range of integrated and comprehensive personal services for the firm’s individual clients, families, and businesses. Contact us today and we will help you take the first step to something bigger.

Why You Should Consider A Trust

A powerful trust starts with documentation drafted with care. That is where Layman D'Atri & Associates come in, a qualified attorney with an understanding of your specific situation as well as current federal and state laws. 

1.) Pass wealth efficiently and privately to your heirs.

2.) Preserve assets for heirs and favorite charities.

3. ) Reduce estate taxes for married couples.

4.) Gain control over the distribution of your assets.

5.) Ensure that your retirement assets are distributed as you’ve planned.

6.) Keep assets in your family.

Let us go deeper into this topic, contact us today! 

What is a business plan?

When you get down to it, a business plan is just a guide. A map for your business that shows your goals and goes over how you plan to achieve those goals.

Business plans don't have to be a long drawn out document. In fact, they should be short and concise. 

If you have a big, detailed, and ongoing business plan that never seems to end, then no one is going to want to read it! We wouldn't want that.
An Excessively long business plan is a big pain to handle, you want to be able to refine this over time.

We offer the following services:

  • Review of governing documents to ensure they are current, properly coordinated and comply with state law;
  • Prepare notices and minutes of required meetings;
  • Assist with re-titling and transfer of assets into the entity;
  • Regularly update governing documents to incorporate new business strategies, changes in family and financial circumstances and improved legal language;
  • Annually review corporate documents; and
  • Assist with titling of newly acquired business assets

What is a legacy trust?

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A legacy trust is also known as a wealth trust. A legacy trust is an unchangeable trust that lets you put aside assets for future generations. The legacy trust is a flexible asset protection and saving option that allows you to use funds for emergency situations or create an estate to pass on.

We are familiar with the legacy trust act and are capable of advising you about whether it's the right choice for your situation.