Estate planning can be complicated and time consuming. There are several issues to consider: Federal and state taxes consequences, probate courts, the need for appraisals, health care concerns, life insurance, and retirement accounts are just a few. Not knowing your legal and financial rights can end up costing you down the road.
There are several questions you should ask yourself: What is the current age of your heirs and do you need to stagger their inheritance over several years? Is an intended beneficiary getting divorced? How can you protect inheritance from potential creditors of the heir? What are the tax consequences of your decisions? Will you be able to avoid the issues presented by probate court?
Planning what happens to your estate when you're gone can be difficult without the advice of a professional. We can help you evaluate your estate planning options, determine your goals and recommend a plan that will work for you. We can also prepare your estate and trust tax returns.
Please contact us at your earliest convenience to schedule an appointment. to discuss what we can do to help you.