Estate planning involves wealth protection, preservation and distribution.
An estate is the total property, real and personal owned by an individual upon death prior to distribution either through a will or a trust.
Estate planning is the process that 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.
Most people put off their planning indefinitely, hoping that somehow they’ll never die or never become seriously ill. Not facing the reality of death and illness make them feel as though they can escape it. But in the back of their mind, they are often disturbed that something isn’t in place.
Peace of mind is one of the best gifts that you can give yourself and your loved ones. Knowing that you have plan something in order to protect your loved ones from legal headaches can really change your life.
The estate planning includes a thorough examination of a client’s existing documents, legal fees and taxes implications, efficient asset protection plans to prevent estate shrinkage while focusing specifically on the non-financial elements which often times overlooked.
A sound estate plan can protect you from the financial nightmares of lawsuits, taxes, divorce, illness, death, bankruptcy and all the other disasters that threaten your security and peace of mind.