Your Taxes are Done: Now What? Time for Estate Planning!

What a relief to be done with taxes! As annoying as they are to do, though, taxes can give you an idea of what your estate encompasses. Which means that right now, while your assets and holdings are fresh in your mind, is a good time to think about estate planning.

What is estate planning?
Estate planning is the process of arranging how your assets will be managed and distributed after your death or if you become incapacitated. It involves creating legal documents like wills, trusts, and powers of attorney to ensure your wishes are followed and to potentially minimize taxes. 

What sorts of documents are used in estate planning?
Wills, trusts, powers of attorney, healthcare directives, and living wills are all a part of estate planning.

What is the purpose of estate planning?
One of the most important purposes of estate planning is to ensure that your assets are distributed in the way that you wish. It also serves to protect your loved ones should you become incapacitated. A well-constructed estate plan (our specialty) can help you protect your family, avoid probate, and minimize tax consequences.

Now is the Time
It’s easy to put things off… especially things that relate to end of life… however, you can give yourself and your family a feeling of confidence and security knowing that a plan is in place.

Estate planning is our specialty and we would be pleased to assist you with yours.  Please call or e-mail for a consultation regarding your estate and disability planning needs. We look forward to hearing from you!