Proper estate planning can help individual and family to make sure the assets they’ve worked so hard to accumulate during their lifetime go to the people or organizations they care about. Estate planning can be a complex process, but we can make it easier.
Estate planning can help to achieve a variety of goals and objectives, including:
- Providing support and financial stability
- Enlarge and Preserving assets for future generations
- Supporting a favorite charity or other worthy cause
- Ensuring assets, including those that pass by beneficiary designation (e.g., retirement accounts and life insurance policies,) will be distributed according to wishes
- Minimizing taxes and expenses
- Ensuring that individuals that your client chooses can make decisions on their behalf in the event of incapacity
Estate planning is not only relevant for the wealthy, but also greatly beneficial for middle-class families. We strongly recommend our clients to work with their attorney and draft a suitable document to protect their families. This listed document is provided as a reference, but you are by no means limited to following it. Certain well-designed Revocable Living Trusts tools can help clients draft their own Family Living Trusts to avoid much more time-consuming and expenses. Please ask your estate planning attorney or planning specialist.
- Revocable Living Trust
- Income Only Option
- A/B Trust Option
- Spendthrift Provisions
- IRA “Look-through”
- Optional Sub-Trust for Children
- Certificate of Trust
- Financial Power of Attorney
- Healthcare Power of Attorney
- Living Will
- Advance Directives
- Funding Letters
- Last Will & Testament