We all have an estate. Of course, the size and complexity of it varies greatly from person to person, but the common thread is that plans need to be put in place to ensure it's handled to your specific instructions. Now, what does that mean exactly? Well, the first word that springs to mind for most is inheritance. Who do you want to inherit your assets, and how do you want them to be distributed? But there's so much more to estate planning than that.
There are obviously marital and custody rights to consider, and of course children and grandchildren. There can also be even deeper considerations if you own a business, and if your assets are considerable, the tax implications can be just as formidable. Our staff can guide you through all of this, giving you the peace of mind you deserve.
Estate planning dictates how your assets will be handled and distributed upon your death. A good estate plan can save your family members a lot of time and headache. If you’d like more information on our estate planning services, please give us a call.
Estate planning can take time, so the sooner you get started the better.
Drafting a will is a piece of estate planning. However, estate planning includes documents that are in effect during your lifetime, whereas a will goes into effect upon your death.
This is a personal decision, and some argue that you should have both. A will is easier to establish and relatively inexpensive compared to a trust, which is a complex legal document.