OVERVIEW
HOW CAN YOU BE SURE YOUR ASSETS WILL BE DISTRIBUTED IN THE MANNER YOU SELECT, TO YOUR FAMILY, TO CHARITY, TO WHOM EVER YOU CHOOSE?
Estate Planning is the process of setting forth your wishes for the disposition of your assets on your death, as well as the administration of those assets during your lifetime. By creating an individual Estate Plan, your wishes can usually be carried out without the need to go through a lengthy and expensive Probate Court procedure. A properly drafted and executed Estate Plan can save you and your heirs time and money when the time comes for the disposition of your hard earned assets.
Primary Components of an Estate Plan
Depending upon the type and value of assets you have your Estate Plan will include a Last Will and Testament, either in the form of a Stand-Alone Will or Pour-Over Will,both of which affirm your wishes to administer your estate, just in a different manner procedurally, either through the Probate Court procedure, or under the administration of a trust.
Through the use of a Revocable Living Trust your personal objectives can be expressed and the expensive and public probate court administration can usually be avoided.
Your plan will also include both a Durable Power of Attorney which allows another person to act In the event of your incapacity, as well as an Advance Health Care Directive which sets forth your wishes for your health care if you can no longer make decisions for yourself.
NO MATTER WHAT YOUR FAMILY LOOKS LIKE,
WE ARE HERE TO DESIGN THE PLAN THAT BEST FITS YOUR NEEDS!