Benefits of Estate Planning

Minimize Taxes, Create a Legacy, Protect Assets

  • You decide who will take care of your children should you pass away. The alternative is for a court to decide.
  • You provide instructions for how financial matters are handled after your death, and who handles them.
  • You ensure that any property you leave behind goes to your spouse, your children or other beneficiaries.
  • You can provide benefits to your loved ones, including special needs or disabled loved ones.
  • You can prevent or ease strain on surviving family members by planing your funeral arrangements in advance.
  • You can provide for the efficient decision-making process in the event of your disability through powers of attorney and healthcare disability documentation.
  • Estate planning can get benefits distributed promptly and without the strains that can accompany the probate process.
  • Estate planning can reduce the expenses involved with closing out your estate and getting the assets to your beneficiaries.
  • Taxes on your estate can be reduced or eliminated with proper estate planning.
  • You can ensure that your business will continue to operate smoothly and for the benefit of your beneficiaries.
  • Establish trust(s) for your beneficiaries that provide them with only protections that you can provide to them such as creditor protection, spousal right protection, and protection from estate taxes.
  • Provide for your charitable interests and for distributions following your death to the causes that are most important to you.

Estate Tax Planning

Reducing or even eliminating estate taxes to protect assets for future generations is our goal. We look at multiple options including gifting assets directly to a loved one or into a trust. This includes interests in closely-held business entities such as limited liability companies and corporations. Gifted assets are not included in the value of the estate for estate tax purposes.

Legacy Planning

Beyond reducing and/or eliminating estate taxes we prepare strategies to create an ongoing legacy for future generations. Trusts can be established to help current and future family members or to create a legacy in your community through charitable trusts or private foundations.

Asset Protection Planning

No one wants to lose the wealth they have worked so hard to earn. Trusts can be set up to protect assets against lawsuits and divorce decrees.

Ask us about estate planning


 

Everyone needs to have an estate plan that clearly defines your intentions.

We are here to help you through the process.