Wills, Trusts, Durable Powers of Attorney & Advance Health Care Directives
Estate planning is important for everyone. It is a vital component of your financial well-being. A comprehensive estate plan will ensure that your loved ones are cared for, your specific wishes are carried out, and your legacy is preserved.
A comprehensive estate plan that includes gifting is one of the best ways to reduce the value of a person’s overall estate, thereby reducing the person’s potential estate tax upon death.
Strategies To Maximize Annual And Lifetime Tax Exclusions
Assisting Trustees With Performing Their Duties In Accordance With Trust's Terms And State Law
Many persons elect to establish a revocable inter vivos trust as the centerpiece of their estate plans to avoid the probate of their estates upon their deaths. The process of administering and distributing a trust at death is much simpler, less time-consuming, and can be completed at considerably less expense than if that property had to be probated.
Expert Guidance For Navigating The Complexities of the Probate Process
When someone dies without a Trust, their estate must be probated. Probate is the court-supervised process of authenticating a Will (if the decedent made one), locating and determining the value of the decedent's assets, paying the final bills and taxes, and distributing the estate to the rightful heirs/beneficiaries.