By definition, estate planning is a process designed to help you manage and preserve your assets while you are alive, and to conserve and control their distribution after your death according to your goals and objectives.
But what estate planning means to you specifically depends on who you are. Your age, health, wealth, lifestyle, life stage, goals and many other factors determine your particular estate planning needs. You may have a small estate and may be concerned only that certain people receive particular things. A simple plan may suffice in these circumstances. Or, you may have a large estate, and minimizing any potential estate tax impact is your foremost goal. If so, you may need more sophisticated techniques in your estate plan, such as a trust.
Regardless of how large your estate is, it’s important to plan what will happen to it upon your death. We can help you articulate your estate planning needs and coordinate the work of other professionals who may be needed, including attorneys and CPAs. Your estate planning needs and circumstances are unique and we can help you implement an appropriate plan.