Estate Planning

Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for the individual prior to death. A major concern for drafters of estate plans is federal and state tax law.

An estate is the total property, real and personal, owned by an individual prior to distribution through a trust or will. Real property is real estate and personal property includes everything else, for example cars, household items, and bank accounts. Estate planning distributes the real and personal property to an individual’s heirs.

Below is some helpful information we have prepared for you. If you have questions, please contact our office.

Where There’s A Will There’s A Way (PDF)
A pamphlet that addresses the importance of Wills and what happens if you don’t have one.

Expect the Unexpected (PDF)
This pamphlet discusses how a “durable medical power of attorney” works and its importance.

When Disability Strikes (PDF)
This pamphlet discusses how a “durable financial (business) power of attorney” works and its importance.