Learn About Our North Dakota Farm & Ranch Estate Planning Services
Our services are simple and easy for the average person to understand.
We help you achieve three basic, comprehensive goals:
- Who gets your property when you die?
- What do they have to do with it after you die?
- How are you going to protect your property before you die?
Most people have a pretty good idea of ‘who’ is going to receive their property – although today’s families sometimes cause unwanted heirs to be able to enter the estate. Children’s ex-spouses, grandchildren with no ties to the property or stepchildren or adopted children can easily become heirs without planning.
What they struggle with is ‘what’ are the heirs going to be allowed to do with the property after they die? How will the children or heirs interact with one another after death? Will there be fights, arguments, and/or lawsuits between the heirs? Will the farming child(ren) be able to continue the family farm operation?
Rather than leave these things up to chance, we suggest, Dad and Mom, you’ll need to talk about all of these items between yourselves. We also highly recommend involving your children towards the end of your process when you’ve made some decisions. Taking input from your children and explaining your reasoning for decisions made allows the children to resolve conflicts now. If you can resolve conflict now between heirs, you’ll leave this world with peace of mind.
Last, but certainly not least, how do you guarantee there will be an estate left to inherit?
What happens if you need some type of long-term care? Forty three percent of all people over age 65 do! Have you positioned all of your assets for maximum security, to do absolutely everything you can to make certain your life’s work isn’t lost – before you die?
How do you protect the property from yourself should your good judgment begin to wane in your latter years? Do you have power of attorney for both financial and health care decisions should you not be able to make them for yourselves?
Many people have a will that covers the ‘who’ part of the estate planning process. What they fail to do is to cover the ‘what’ and ‘how’ – the other two-thirds of the process for both planning and protecting your estate.
At Great Plains Diversified Services, Inc, before you leave the door to meet with your attorney for final drafting, all three of these basic needs – who, what, how – are discussed, covered, and resolved.