Estate Planning

Estate Planning is a process to increase the likelihood of having assets to transfer at death, and to transfer those assets efficiently. Several things should be done including: 

  1. organizing finances, arranging assets and doing financial planning to meet goals
  2. planning for current or possible future incapacity or disability
  3. protecting assets against creditors
  4. maintaining appropriate insurance policies including life, property, liability, and long-term care
  5. making lifetime gifts and implementing strategies to reduce or avoid taxes. 

Then, a will or trust can be prepared to guide the distribution of property to the persons, and in the manner, desired. Specific instructions and wishes can be communicated to guide a trustee to act as the deceased might have acted if still living. Estate planning documents allow for the selection of specific, qualified persons to serve as the guardian of a child, the guardian of yourself if you become incapacitated or disable as you age, and the personal representative of a probate estate or trustee of a trust.

Estate Planning Attorneys