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ESTATE PLANNING & TAX DIVISON

Written by admin

Friday, 13 July 2007

Estate planning in involves much more than simply drafting a will. The primary purpose of an Estate Plan is to help you examine your financial needs and assets in order to pass your wealth on to your heirs efficiently and privately. A good estate plan provides guidance for your loved ones under a variety of circumstances, including those in which you are no longer able to make decisions for yourself. Your estate plan should always include plans for the disposition of all your personal and real property, and any family owned businesses. While the traditional “plan” included only a “Last Will and Testament” (and usually a lengthy probate court process), nowadays, many savvy planners will implement a living trust to pass their wealth on to the next generation and avoid any unnecessary court intervention. If you have real property or personal property that exceeds a combined value of $100,000, you need more than a basic will. You need an estate plan and an estate planning attorney who is dedicated to working with you to develop the most effective plan for you and your family.

Last Updated ( Monday, 06 August 2007 )