There are two misconceptions about an Estate Plan. First, an Estate Plan is not simply for those with great wealth. Second, an Estate Plan is more than just for the distribution of assets upon a person’s death. The purpose of an Estate Plan is the preservation and the distribution of your assets not only upon your death, but also during your life.
A good Estate Plan involves personal and family goals and easing the management of financial and legal affairs, as well as minimizing taxes, if applicable. A well-drafted Estate Plan must include all of your property (ie. real property, business interests, investments, insurance proceeds, personal property and even your personal effects) in order to achieve that overall purpose.
The problems that many families have with an estate are directly related to the fact that many people fail to contemplate and coordinate all their assets and the multiple methods of passing on their estate. A well-drafted Estate Plan will ensure that your assets pass how, when and where you want. Additionally, a well-drafted Estate Plan can minimize the public aspect of probate administration and some of the associated expenses. Most importantly, you will be in control, rather than relying upon the government to make such determinations as beneficiaries and guardians.
With a solid foundation in estate planning, probate, business, real estate, and tax law, the attorneys at DiFiore, LLC utilize their combined over 50 years of legal experience to create an Estate Plan to meet each client’s specific needs and goals. The tools utilized to create the individualized Estate Plans included:
- Financial Powers of Attorney
- Health Care Powers of Attorney
- Living Will Declarations
- Living Trusts
- Credit Shelter Trusts
- Life Insurance Trusts
- Family Limited Liability Companies
- Grantor Retained Annuity Trusts
- Defective Grantor Trusts
- Charitable Trusts
- Charitable Planning
DiFiore, LLC wants each client to not only understand their documents and plan, but to be confident that the choices made will achieve their specific goals and needs
Please contact us today to let us assist you with beginning the process for your family’s future.