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ESTATE PLANNING
What is Estate Planning?
Estate planning is the creation of a definite plan for managing our assets while we are alive, and
distributing those assets after death to our loved ones. A sound Estate Plan includes provisions to
keep the assets and health care decisions within the control of responsible family members (avoiding
court appointed Conservatorship) should the estate owner become mentally or physically incapacitated.
What happens if nothing is done?
Strangely enough, a majority of people choose to do nothing! It has been reported that 70% of all
Americans have no Estate Plan. As a consequence, upon their death, State Law dictates how their
estate is to be distributed. Unfortunately, the Government's plan has no particular concern for the best
interest of the family.
Frequently Asked Questions
- Will a "Will" help?
- What is probate?
- Will Joint tenancy avoid probate?
- Are there taxes to be paid at death?
- Do all estates pay federal estate taxes?
- Is there an estate tax exemption for married people?
- Our estate is less than $500,000-do we need to worry about estate planning?
- What if I become disabled?
- What is a Revocable Living Trust?
- What is an Irrevocable Life Insurance Trust?
- What is a Charitable Remainder Trust?
- What is a Family Limited Partnership?
Contact us today to learn more about estate planning.
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