Estate Planning consists of the steps that you take in advance to make sure that your estate passes to the individuals and/or charities that you name, in the most effective way possible, while ensuring privacy and financial protection. Another big part of estate planning involves planning for your incapacity – naming people you trust to handle your financial affairs and make your medical decisions when you are unable to. A big part of our process together involves discussing you, your family, your concerns and wishes, and your assets.
My goal is to advise you on the benefits of your planning options and help you build the plan that meets your needs and your budget. The foundation of a good estate plan starts with either a Will or a Living Trust.
There are a variety of available planning options with a Living Trust, including:
Incapacity planning for yourself to protect and maintain your estate
Providing for a professional Successor Trustee
Planning for the care and maintenance of your pets
Providing for charitable giving
Specific distributions of property
Long-term discretionary trusts for your children and/or grandchildren
Special needs planning for children and/or grandchildren
Distributing personal property
Succession planning for your business