The overall planning of a person’s wealth during thier lifetime or upon death is generally referred to as estate planning. An estate planner must take into consideration the client’s goals and objectives so he or she may advise as to tax planning and tax consequences. Estate planning may include the preparation of a will, a trust, a financial power of attorney, a medical power of attorney and an advance healthcare directive (living will). In order to meet a person’s goals with respect to a tranfer of wealth and to prepare for incapacity and death a client and estate planner will discuss and analyze numerous factors, such as current and future finances, current law and anticipated changes in the law, insurance needs, investment strategy, and tax implications. A knowledgeable and experienced attorney knows exactly what questions to ask.
Usually, estate planning includes;
Related to estate planning is an area of the law that plans for events happening during a person’s lifetime, such as incapacity and prolonged illness. This type of planning typically includes:
Time and time again, we hear of those that waited until tomorrow to begin planning, and sadly, tomorrow was one day too late. Don’t let the state or other’s decide what you really wanted after it’s too late to tell them. Contact us to schedule an appointment and we’ll guide and help you to make your plans and wishes known now.
Tomorrow is often the busiest day of the year.
— Spanish proverb