An estate plan is the result of an evolving process as you and your family change. Therefore, an estate plan should be revisited regularly as it addresses very personal issues, includes planning for your future health, providing for loved ones and the eventual succession of your assets. What kind of lasting financial impact do you want to leave for family members and community organizations? The federal and state estate and income tax laws likely impact the strategy for implementing your goals. We consult you on understanding your situation and creating efficient planning strategies to meet your personal objectives while minimizing taxes. The implementation of your estate plan is done through the naming of beneficiary designations, the ownership title of assets, and the execution of legal documents.
Many people ignore the crucial importance of estate planning. The reality is that nearly everyone can benefit from a well-crafted estate plan. One need not enjoy vast wealth to benefit from this important process. Whether you have a family, own a home, have an investment account or just want to ensure that your health care wishes are fulfilled, an estate plan is central to accomplishing your goals. Your estate plan should be reviewed periodically and whenever a life event occurs. Estate planning is an ever-changing, evolving process. Laws change. People change. Assets change. Therefore, it is important to revisit your estate plan regularly.