Securing Your Legacy, Providing For Your Family
Building Your Comprehensive Estate Plan
One of the key aspects of estate planning design is to make sure all of the essential documents are in place and working in concert together. While all estate vary, the following five documents are the foundation:
- The Will — The Pour-over Will transfers all untitled assets into the Trust.
- The Trust — The cornerstone of every sophisticated estate plan in America. Trusts can be revocable or irrevocable. They allow for flexibility and customization in design, planning and execution. This document was only available to the very rich for a long time. It is now available to everyone willing to examine the estate planning arena.
- The Power of Attorney — this document allows you to control your affairs when you are incapacitated. Most people do not become ill one day and die the next. Most of us experience a period of incapacity where we struggle. Sometimes we recover, sometimes we don’t. But it is imperitive to have a plan in place for our time of incapacity.
- The Advance Healthcare Directive – The document that identifies the person you trust with your end of life wishes.
- The HIPAA Authorization – This document identifies the names of the people you want to receive your healthcare information during your incapacity.
For more complex estates, sophisticated options are also available, including the qualified terminable interest property (QTIP) trust, the charitable remainder trust and the Irrevocable life insurance trust (ILIT).
Each document has its own nuances, options and idiosyncrasies, and our legal team will help you understand your options and your exposures. Our charge is to help you make informed choices. Our goal is to help you design, execute and create an estate plan that meets your desires, needs and goals.
Call our firm at send an online message using the form on this website and we will respond promptly.to arrange for an initial consultation. Or if you prefer,