What Is Estate Planning?
Estate planning is the process of developing and implementing a plan that directs how and by whom your possessions will be managed and distributed after you pass away. It is generally prudent for everyone to do at least some form of estate planning, regardless of their wealth. An intelligently designed and properly executed estate plan will provide you with peace of mind and assurance that your wishes will be carried out without confusion.
The Contents of an Estate Plan
Most people are aware that a Last Will and Testament, also known as a Will, sets forth who will be in control of your estate and how your assets will be distributed when you die. A comprehensive estate plan will often also include a revocable or irrevocable trust, Power of Attorney, Health Care Proxy and Living Will. Depending on your situation, all these documents, and sometimes other estate planning tools, may be advisable. I look forward to hearing about you and tailoring an estate plan that fits your unique circumstances and goals.