You work hard to provide for your family, pay for your child’s college tuition, and ensure your family lives a good life. Wouldn’t you want to make sure that still happens when you’re no longer there? A well-thought-out estate plan can help accomplish that goal. Estate planning seems like a huge undertaking, but it’s quite manageable if you seek the help of a professional who has experience in the area. When I provide individuals with estate planning strategies, we first talk about their existing plans, their desires for how they want their assets distributed, and any other concerns they have about putting their estate in order. Then I work through their financial situation to estimate what their estate will be worth and what will be owed in taxes and probate fees. We then discuss specifics about how they want their estate distributed and ways to ensure that heirs pay the least amount of estate tax possible.
Not only is estate planning a very important thing to do, it’s also practical. You want to make sure your hard-earned assets go where you want them to, so you need to plan for that. If you would like help with information on strategies for planning your estate or re-thinking some of these issues, please call me at (856) 665-2121.