It is essential to have an estate plan in place for the purpose of successfully passing assets to your intended beneficiaries, dealing in advance with incapacity issues and minimizing taxation… among other important reasons.
Most people wish to protect the family home, protect financial assets and direct the distribution of personal property in a manner that carries out their specific intentions.
Many individuals have already done some prior planning and wish to have their plans reviewed, revised and/or are looking for suggestions based upon the ever changing circumstances of life.
Becoming familiar with and possibly having the following instruments prepared for your security can assist you in this process:
Will: Transfer of assets at your demise
Power of Attorney: Creates authority in another to make your financial decisions
Healthcare Proxy: Creates authority in another to make your healthcare decisions
Living Will: Directs type of care you wish to be performed in the event of incapacity
Trust: Creates specific authority in another to manage certain assets