“Without good direction, people lose
their way; the more wise counsel you
follow, the better your chances.”
– Proverbs 11:14
“If you don’t know where you are
going, you’ll end up someplace else.”
– Yogi Berra
“By failing to prepare,
you are preparing to fail.”
– Benjamin Franklin
No one has to convince our clients that planning is important. The trouble is, when it comes to Estate Planning, Asset Protection Planning, and Long-Term Care Planning, most people don’t know HOW to plan, or even where to start. If that’s where you find yourself, don’t worry. You’re not alone. The Elrod Firm is here to help.
The Elrod Firm is not a general practice law firm, doing a little bit of everything. We limit our practice to helping clients put the right plans in place at the right time to meet their goals with confidence. Our plans are extremely thorough but as simple as possible. With those competing objectives in mind, we find it helpful to view planning opportunities using a three strands approach.
You’ve probably heard the proverb about the cord of three strands. It teaches that a cord of only one strand will easily fail when tested, and a two-stranded cord is not much better. But a cord of three strands, the proverb teaches, is not easily broken. In the same way, we believe that an estate plan narrowly focused on only one area of concern is more likely to fail to meet your goals than an estate plan developed considering all three strands of planning. When developing a strong estate plan that will hold up as life unfolds, you should consider: