ESTATE PLANNING

Estate planning is the term used to broadly describe the practice of preparing your estate to pass to your chosen beneficiaries upon your death and to allow for its management in the case of your incapacity prior to death. It also involves the nomination of guardians for your minor children and the preparation of assets and trusts to insure their financial security.

In our practice, revocable living trusts are the most common vehicle used for transferring assets and providing for the care of minor or disabled beneficiaries. For larger estates we employ more advanced techniques to protect against potential estate tax liability, including a variety of irrevocable trusts, family limited partnerships, private foundations and other gifting techniques. Smaller estates may only require a Will and powers of attorney, documents that are included in all of our estate planning packages. There is no individual or estate that cannot benefit from some form of estate planning.