Estate Planning

Estate planning is generally the process of creating a plan to pass on your assets to your family and or friends (known as heirs) upon your passing. Your assets, also commonly referred to as your estate,  include things like real estate, business interests, investments, insurance proceeds, jewelry, family heirlooms, and furniture. Planning earlier than later allows you to position yourself to preserve and grow your wealth while taking into consideration any concerns you may have including:

  • Protecting your assets
  • Maintaining your lifestyle and increasing your wealth
  • Passing your assets to your heirs and not the government
  • Significantly reducing income, estate, inheritance, and generation skipping taxes
  • Keeping your affairs private
  • Achieving charitable goals to make the world a better place

Some of the tools that are commonly used to accomplish the goals of any plan include:

  • Last Will and Testament
  • Revocable Living Trusts
  • Lifetime Gifting
  • Joint Ownership
  • Beneficiary Designations
  • Irrevocable Trusts
  • Living Will
  • Healthcare Directive

I work with your advisors, including CPA’s and Financial Planners to ensure any plan prepared is comprehensive taking into consideration your personal and family goals. A well-drafted estate plan will ensure that you achieve your lifetime goals and upon your passing your estate passes to whom you want and how you want while minimizing taxes, costs, and conflicts amongst heirs. There are many options to create an estate plan, so choosing your estate-planning attorney should be considered carefully. Contact me today for a free consultation.