Pearsons Funeral Home
Pearsons Funeral Home
149 Breckenridge Ln
LouisvilleKY 40207
 (502) 896-0349

Estate Planning: A Priority for Everyone

Estate Planning: A Priority for Everyone

Estate planning provides a practical means of protecting your hard earned assets and ensuring your family is well taken care of after your demise. The best time for securing your assets is now, while you are capable of making wise decisions that will benefit your family’s future. By making estate planning a priority, you can prepare in advance for providing for your family after you are gone.  

Estate Planning: Key to Protecting Personal Assets

People who have worked diligently for most of their lives are bound to have accumulated personal assets that can benefit loved ones when they pass on. These assets may include money, a home, a vehicle, stocks, bonds and much more. Taking time to examine your assets makes it easier to see all that you have to offer and how you want these assets divided after you’re gone.  

It’s important to work with a trustworthy attorney when making legal decisions concerning your estate. An attorney can help you determine the legal documents required to ensure your decisions are respected upon your demise. You can also designate power of attorney to a relative or close friend to represent your interests after you’re gone.

Ways to Separate Your Assets

There are various ways to ensure your family receives the full benefit of personal assets upon your demise. Here are just a few:

A living will is a legal document that explicitly states how your assets will be divided after you are gone. By making a will, you can eliminate confusion concerning the division of your estate to reduce the risk of family members fighting over their inheritance after your passing.

Living Will - A living will is a legal document that explicitly states how your assets will be divided after you are gone. By making a will, you can eliminate confusion concerning the division of your estate to reduce the risk of family members fighting over their inheritance after your passing.

A living will is imperative for young couples with children as it enables them to appoint legal guardianship of their children if unforeseen events cause their sudden demise. By making a will, young couples can protect the future of their under-aged children and ensure they receive the best of care after they’re gone.  

Trust – In addition to having assets distributed outright, you can set up a trust for relatives to receive financial support over time. Through a trust, your family can receive financial assistance for daily living, college expenses and healthcare. You can also care for a loved one who’s disabled or needs ongoing care after your demise.

Right of Survivorship – Title deeds of property should be made with a right of survivorship, so loved ones receive the property directly without the added expense of probate taxes.

Funeral Planning – Through estate planning, you can designate funds to cover funeral costs upon your demise. This takes a heavy burden off of remaining family to assume this responsibility, making it easier for them to cope with your passing.

At Pearson Funeral Home, we can guide you through all aspects of funeral planning to make it a more peaceful, memorable experience for your family. Call us today at 502-896-0349 for personalized funeral services catered to your needs. 

We can help you through the pre-planning process. Contact us