Many people tell us they are not exactly sure what Estate Planning entails. Some clients believe that Estate planning only concerns people with great wealth. Other clients believe it’s something you do just before death. Neither idea is correct. Your Estate Plan should begin now to create an orderly transfer and disposition of your funds and assets into the future.
Call our office and we will discuss your exact needs and wishes. Any of these items can be prepared and tailored to you. Most of these items can be changed or modified in the future as your needs and wishes change in the future.
We, together with you, arrange your assets in such a way that when you die you avoid paying Estate taxes. This is usually done in conjunction with your CPA or the accountant in charge of your usual tax liabilities.
Incapacity Planning involves arranging in advance plans to keep you in charge even if you can’t do the day to day finances required, such as when you are hurt or suffering from a long term illness.
Charitable Planning means giving a small gift to your local animal shelter up to a large amount to fund a charitable foundation.
Inheritance Planning is the area where you provide for your spouse, children, and grandchildren to receive your assets when you die. You can establish conditions and circumstances to occur before the gift is given.
Special Needs Planning is done by parents who have children with disabilities. This often involves many of the following: