Estate Planning


What happens to my estate when I am gone?  Are things in order?  Would my family know what to do?  This can be a difficult topic. Some estates are complex. Others are straight forward. Some families get along. Others do not. Most clients come to us with existing estate planning documents (wills, trusts, power of attorney) and beneficiary designations. Others need help getting started.

What we do: We start with an Estate Plan Diagram¹ organizing all assets visually (including what would occur at death). The discussion often reveals questions and/or concerns.
 
Who would raise the kids?
At what age can the kids handle money?
Do they need money?
Should we pursue a living trust?
Who should we name as trustee?
Do we have estate tax concerns?
Do we have Philanthropic goals?
Who should we list as beneficiaries on retirement plans?
What happens if our beneficiaries predecease us?
What is an Inherited IRA?
 
We work together to define the questions. Together with your estate planning attorney we can discuss options - you make the decisions. We want to help clarify your priorities and reduce (or eliminate) the potential for estate taxes. We want the estate plan to accomplish your goals as efficiently as possible.
 
We also believe in revisiting the topic periodically. We update and revisit the Estate Plan Diagram¹ at a minimum every four years to keep up with potential changes (family dynamics, trustee/executor order, estate tax changes, etc.).
 
Why we do it: It’s important! Missing documents, outdated documents and incomplete beneficiary designations are common. Losing a loved one is very difficult. We want to ask questions ahead of time to avoid compounding the heartache with unnecessary cost, tax or inconvenience. We want to help preserve your family legacy.
 

What we don’t do: We do not give legal advice. We do not draft legal documents. However, we do offer to attend meetings with the attorney and ask questions. 

   

 

Sample of the Diagram used to organize these discussions.