Estate Planning
Estate Planning And Family Legacy
Estate planning isn’t an exclusive activity for the ultra-wealthy. Simply put, it’s a plan for who will look after your children and what should happen to your assets, if something happens.
Why Estate Planning Is Important
If you wish to help ensure that you are in control of what happens to your estate, and if you want to have the confidence that your estate is handled in accordance with your directives, then having an Estate Plan is paramount.
Without such a plan, the state, lawyers or individuals that don’t have your interests in mind could determine what happens to your Estate.
What We Can Do For You
Our Estate Planning service includes:
- Helping you understand the importance of a will: Your will should be the cornerstone of your estate plan. From a simple will to a Testamentary Will, or Joint Wills and Living Wills – we will help you navigate and determine what Estate Planning strategies you need and guiding you toward the resources to fulfill those needs.
- Designating beneficiaries: If you don’t choose beneficiaries for your assets carefully (or not at all!), your estate assets might well end up in the hands of individuals that you never intended to benefit.
- Considerations for dependents' needs: A well-thought-out Estate Plan will help to ensure that all of the needs of your dependents (be they minors, adult children, siblings, persons with special needs or aging parents) are taken care of in accordance with your desires.
- Review of the titling of all of your accounts to review the need for either TOD or POD’s to be added to non-retirement accounts.
- Tax planning considerations: Without a well-thought-out Estate Plan, a considerable part of your estate could erode through taxes, fees and other levy’s, even before your designated beneficiaries see a cent!
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
