Estate Planning

When designing an estate strategy there are four things we want to accomplish.

1. Avoid probate
2. Eliminate taxes
3. Provide for your family in the event you become disabled
4. Preserve your estate from long-term care costs

There are many tools we can use when planning your estate. A Living Trust is the foundation to any estate plan. I rarely recommend only a Will because a Will goes through probate upon your death, which is very costly and it is also public (anyone can go look at a probate record.) A Living Trust avoids probate and remains private.

Each case is different. Each case we design for your specific desires and wishes. Some of the things we consider to achieve the most effective basic estate plan are:

• A Revocable Living Trust
• Irrevocable Life Insurance Trust (ILIT)
• Family Limited Partnership
• Charitable Giving
• Annuities