Estate Planning

What is Estate Planning?

The goal of estate planning is to arrange people’s assets and affairs in anticipation of incapacity or death.  A typical estate plan may include a variety of instruments such as a Revocable Living Trust, Last Will and Testament, Power of Attorney, Legal Guardianship documents, and healthcare-related planning documents (Advance Directive, Healthcare Power of Attorney, Living Will, etc).  A properly prepared and executed estate plan ensures that your wishes are respected and eases the burden on your loved ones. It may also reduce the tax liability on your estate and avoid the lengthy and costly probate process. Advanced methods of estate planning may protect your assets for future generations from claims by creditors like those encountered in lawsuits or divorce situations.