Will |  Probate  |  Trust  |  Living Trust  |  Living Will  |  Durable Power of Attorney

Estate planning is the term that is used nowadays for referring to a process of planning for events that may occur as people age and their health fails, the selection of someone to take care of a person’s day to day business should then become ill, whether a person wishes to have life sustaining medical care withheld in certain circumstances and the transfer of assets at the time of your death. With all of these different considerations in a person’s estate plan, there come many variables. As you would expect, that requires a lawyer to custom tailor each client’s estate plan.

Each person may have different goals that they wish to achieve through their estate plan. Some possible goals include making sure that assets are transferred to the intended beneficiaries, reducing the costs of estate administration, reducing or eliminating gift, estate and generation skipping taxes, protection of beneficiaries from mismanagement of their inheritance and from claims of ex-spouses and creditors, to create incentive for beneficiaries to be productive in society and to discourage undesirable conduct.