Estate Planning

Estate planning involves creating a strategy to manage and distribute your assets during your life and after your death. It ensures your wishes are honored, minimizes taxes, and helps avoid legal complications. Proper estate planning provides peace of mind and protects your loved ones.

Key documents include a will, which outlines asset distribution; a durable power of attorney, which designates someone to manage your affairs if you become incapacitated; and a healthcare directive, which specifies your medical care preferences. Trusts may also be used to manage and distribute assets efficiently.

Minimizing estate taxes involves strategies such as gifting assets during your lifetime, creating irrevocable trusts, and utilizing the marital deduction. Proper planning ensures more of your estate goes to your heirs rather than taxes. Consult with an estate planning professional to explore these options.

Trusts manage and protect your assets, providing specific instructions on distribution. They can help avoid probate, minimize estate taxes, and ensure your wishes are followed now and after death.

Review and update your estate plan every 3-5 years or after major life events such as marriage, divorce, the birth of a child, or significant changes in financial status. Regular updates ensure your estate plan reflects your current wishes and circumstances.

Absolutely! Our team has decades of experience helping clients make large charitable contributions utilizing Charitable Trusts, Family Foundations, and  Donor Advised Funds. 

Absolutely!