Estate Planning & administration
Estate planning is not just for the old and wealthy!
All too often many young and middle-aged people die suddenly and often leave behind minor or disabled children who need care. Estate planning is an integral part of your overall financial plan. With an estate plan in place, you can provide for the care and financial needs of your minor or disabled children, you can distribute property in a specific fashion if something were to happen to you, and you have control over the health care treatment you receive if you become incapable of making the appropriate decisions.
What if I fail to plan?
When you fail to create an estate plan with your specific wishes, the state has laws that dictate how your property will pass regardless of your family circumstances. That means the state will make certain assumptions about where you'd like your money to go—assumptions with which you might not agree. Some of your hard-earned money might end up with people who don't need it. Meanwhile, others who might need the money more, or who are more deserving, could be shortchanged. Even worse, your surviving relatives may squabble over who gets particular items of your property, because you didn't make these decisions ahead of time.
These are called the laws of intestacy. For more on intestacy go here.
What do I need in my Estate Plan?
Just as everyone is unique, so is each person's estate plan. Contact me for a free consultation to evaluate what you need in your estate plan. Your estate plan could include but is not limited to:
Where do I begin?
You already have begun the process of preparing your estate plan by educating yourself on what an estate plan is and what it entails. The next step is to set up a free initial consultation with me so I can help you navigate this process and give you an understanding of your personal situation.
Contact me today for a consultation on what you need in your estate plan!
All too often many young and middle-aged people die suddenly and often leave behind minor or disabled children who need care. Estate planning is an integral part of your overall financial plan. With an estate plan in place, you can provide for the care and financial needs of your minor or disabled children, you can distribute property in a specific fashion if something were to happen to you, and you have control over the health care treatment you receive if you become incapable of making the appropriate decisions.
What if I fail to plan?
When you fail to create an estate plan with your specific wishes, the state has laws that dictate how your property will pass regardless of your family circumstances. That means the state will make certain assumptions about where you'd like your money to go—assumptions with which you might not agree. Some of your hard-earned money might end up with people who don't need it. Meanwhile, others who might need the money more, or who are more deserving, could be shortchanged. Even worse, your surviving relatives may squabble over who gets particular items of your property, because you didn't make these decisions ahead of time.
These are called the laws of intestacy. For more on intestacy go here.
What do I need in my Estate Plan?
Just as everyone is unique, so is each person's estate plan. Contact me for a free consultation to evaluate what you need in your estate plan. Your estate plan could include but is not limited to:
- Wills
- Testamentary trusts
- Living trusts (revocable)
- Property Power of Attorney
- Health Care Power of Attorney and Living Wills
- Trust asset funding
- Supplemental Needs Trusts
- Qualified domestic trusts
- Qualified personal residence trusts
- Charitable remainder trusts
- Charitable lead trusts
- Grantor retained annuity trusts
- Grandchildren’s education trusts
- Irrevocable trusts
Where do I begin?
You already have begun the process of preparing your estate plan by educating yourself on what an estate plan is and what it entails. The next step is to set up a free initial consultation with me so I can help you navigate this process and give you an understanding of your personal situation.
Contact me today for a consultation on what you need in your estate plan!