Creating a comprehensive estate plan is an opportunity to create peace of mind—both for you and your loved ones.
Estate planning is the active process of arranging for the management and transfer of your assets (all personal property, investments, real estate, and additional belongings) in anticipation of your death or incapacity. An estate plan aims to preserve the maximum amount of wealth possible for your intended beneficiaries and flexibility for you during your lifetime. An estate plan also allows you to plan for your healthcare and asset management in the event of your disability or incapacity.
A thoughtfully crafted estate plan will include the consideration of how you hold title to your property, both real and personal, the beneficiaries on your assets, and the preparation and implementation of one of or more of the following: Revocable Living Trusts, Last Will and Testament, Durable Financial Power of Attorney, Health Care Power of Attorney, Mental Health Care Power of Attorney, and Living Will. Additionally, depending on your particular circumstances, your estate plan may also include other tools such as a beneficiary deed for real property, Supplemental Needs Trust for a disabled beneficiary, Irrevocable Trust, Life Insurance Trust, estate tax planning, and/or the creation of business entities, and more.
A properly thought-out estate plan can ensure that your assets are managed for your care in the event of your disability, and passed to those whom you choose when you die.
Our attorneys will work with you to ensure that you have a plan that supports your wishes in life and in death.