S HARPER LAW LLC
5000 RITTER RD.,
SUITE 202
MECHANICSBURG, PA 17055
ph: 717-718-8672
scott
A WILL is very important to have however a POWER OF ATTORNEY will benefit you more if or when it's needed.
What about a TRUST? Perhaps placing your property in a trust is your best choice. Types of TRUSTS are as follow:
REVOCABLE TRUSTS - you still have control over the property;
IRREVOCABLE TRUST - this is the type of trust that takes the control out of your hands. Thinking of a nursing home taking all of your money? This is the type of trust to set up before the "look back" period kicks in (5 year look back now in PA).
SPECIAL NEEDS TRUST - needed to place assets over $10k in someone else in order to keep your social security benefits.
CHARITABLE TRUST - self explanatory
GUN TRUST - used to hold certain guns that would otherwise be illegal for an individual to own.
CRUMMEY TRUST - used by people "with money" to fund sub-trusts for your heirs via high-priced/high-payout life insurance policies in a manner that minimized the tax burdens to all involved, while getting the "seal of approval" from the IRS. Why the name Crummey? That was the name of the dentist that contrived this idea then spent years fighting the IRS to make it acceptable/legal.
OFF-SHORE TRUST - certain countries around the world protect your financial privacy more than others. Don't even think Switzerland anymore; they have a recent history of cooperating with the IRS. Nowadays, you can link a credit, debit or charge card to an international bank just like it was a little credit union located down the street from you. When you need to place your assets in safe hands and in a safe and secure location then contact ATTORNEY HARPER to find out how this can be done.
If you own a business, in part or in whole, what would happen if you died suddenly? Could someone step in immediately and do the day to day responsibilities that were once yours?
Could someone keep the business running on the short-term or even in the long-run?
Who's going to sell your business after you die to maximize the ROI that you worked so hard to establish?
Attorney Harper can help you plan for such events to mitigate the losses left to your loved ones or maximize the profits that may inherit.
Face it, we are all going to die so plan now so your loved ones and/or business partners know how to handle business matters upon your untimely death.
Call today to set up an appointment to go over these matters and to get a game-plan in place to protect your property from losses in the event of your loss of life. CALL 717-718-8672
Copyright 2012 S HARPER LAW LLC . All rights reserved.
S HARPER LAW LLC
5000 RITTER RD.,
SUITE 202
MECHANICSBURG, PA 17055
ph: 717-718-8672
scott