What is Estate Planning?
Deciding how you want your assets distributed after your die or become incapacitated is
estate planning. Through legal tools such as a will, trust, or power of attorney, you can legally name who will receive your assets and how and when they will receive them.
Documenting what medical decisions and measures you want taken in the event of a serious injury or incapacity is also part of your estate plan. These medical documents are commonly called 'legal directives' such as a living will or medical power of attorney.
One of the most important
estate planning decisions for parents is naming a guardian or someone who will exercise parental authority in the event that both parents pass away while their children are minors.
Advanced
estate planning strategies can legally minimize the estate tax burden to your family and heirs.
One of the most important aspects of your estate plan has to do with letting your family know about your values, insights, stories and experiences---leaving behind a true legacy.
Regardless of your age, marital status, financial status or stage in life, everyone needs an estate plan.
Typical Estate Planning documents which we can explain and assist you with:
- Will
- Revocable Living Trust
- Guardianship for Minor Children
- Medical Power of Attorney
- Financial Power of Attorney
- Living Will
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- Irrevocable Life Insurance Trust
- Retirement Equity Trust
- Special Needs Trust
- Gifting Trusts
- Children's Trusts
- Probate
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