|
Estate Planning is the process of planning for the orderly transfer of your assets according to your wishes after your death. A well planned estate will help to maximize the amount of your assets that pass to your heirs while making sure those assets are used to accomplish the goals set by you during your lifetime. Some of goals of an Estate Plan might include:
- Providing Enough Assets to Care for a Surviving Spouse
- Providing For Children with Special Needs
- Providing For Children from Prior Marriages
- Protection of a Family Business
- Reduction or Elimination of Probate Fees
- Reduction or Elimination of Inheritance Taxes
- Providing for Liquidity To Protect Assets From Forced Sale At Your Death
The Estate Planner uses a variety of tools to accomplish these and other objectives. The most common
Estate Planning tools are a Will and various Trusts.
|
