Estate Planning

Estate planning involves anticipating and preparing for one’s own incapacity and death. This requires creating a revocable or living trust which affirmatively sets out a plan for one’s assets when one passes away.  Specifically, the trust establishes who should receive the assets, in what amounts and in what manner as well as appoints a fiduciary to ensure the plan is properly carried out.  If done correctly, the revocable trust will avoid probate all together, which is a time-intensive and expensive process.  Additionally, the trust can incorporate techniques which avoid and defer taxes, if desired.  Finally, estate plans should contemplate a structure that stands up to one’s incapacity and death, as well as affirmatively speak to one’s end of life financial and medical decisions.

A happy family enjoying a moment together outdoors, with two parents holding up a young child. The family is dressed in casual autumn attire, symbolizing the planning of a secure and happy future.