(1) What is estate planning?
The primary goals of estate planning is to manage the transfer of assets to intended beneficiaries, to provide for the care and custody of minor children, and to plan how personal and financial affairs are handled in cases of incapacity or an untimely passing.
A comprehensive plan will effectively accomplish all intended client goals while avoiding costly court processes and fees.
(2) Why do I need an estate plan?
Below are some common ways how any person may benefit from an estate plan:
Avoid a costly and lengthy probate court procedure.
Direct exactly how your personal and real properties are distributed.
Plan for your incapacity with a power of attorney and an advance healthcare directive as to minimize the possibility of a court supervised conservatorship in the future.
Appoint guardians for minors and provide directions for their care.
Provide your loved ones guidance and structure as to your wishes.
Every person can benefit from an estate plan, whether it consists of just a will or if is a more comprehensive plan involving revocable trusts. Speak with our estate planning attorneys to learn what is suitable for your personal situation.
Contact us today and tell us how we can help you and your family.
