Estate planning involves the process of arranging for the transfer of one’s assets after their death. This includes creating a will, establishing trusts, and making other arrangements to ensure that assets are distributed according to the individual’s wishes. Estate planning also involves minimizing taxes and other expenses associated with the transfer of assets and may involve working with financial advisors, CPAs, and other professionals.
We lose the ability to make certain decisions for our kids when they turn 18 … moreover, we lose access and decision-making for our 18+ children in a healthcare emergency. Financial and health care powers of attorney are the tools necessary to ensure our ability to help in an emergency. Read on for more information.
Death of a loved one is generally ranked as the number one most stressful life event. In addition to processing the range of emotions that come with trauma, the surviving spouse must also find the strength to push forward and address both their spouse’s and their own estate plans to ensure not only that the right steps are followed, but also to ensure the surviving spouse is protected.
Estate planning is about more than just documents … advice and guidance from an experienced estate attorney can help you identify potential issues and make plans to mitigate those issues.