You Can’t Take it With You

Your estate – everything you own— stays behind when you die. But, if you are like most people, you have some ideas about what happens to your estate. To ensure your wishes are carried out, you need to provide instructions about who receives something of yours, what they receive, and when that happens – all while paying the least amount in taxes, legal fees, and court costs.

Effective estate planning addresses a great many issues. Your estate plan is your opportunity to pass along your values, to include instructions for your care if you should become disabled before you die, to name a guardian for minor children, provide for family members with special needs, and address dozens of other concerns.

As you think about estate planning, here are some things to consider:

  • Estate planning is not a one-time event. We encourage our clients to review their plans on a regular basis and make updates that reflect changes in their lives.
  • Estate planning is for everyone, not just the elderly or the rich.
  • There is no time like the present to start. It’s never too early to begin the process, and we believe that, through two-way communication with our clients, we canhelp make the process seem less daunting and overpowering.
  • If you don’t have an estate plan, the state has one for you – and you probably won’t like it. Given the choice of whom to appoint as a legal guardian for your minor children, would you rather make that decision or have a court do it?
  • A will is a great starting point, but it is only the first step. Each person’s situation is unique, and there are legal options that can be tailored to meet your needs.

Effective estate planning brings a special benefit: peace of mind in knowing that you are taking care of yourself and your loved ones. After all, you can’t take it with you.