Hear the word “estate” and you probably picture a large home on a sprawling piece of land. You might also assume, then, that estate planning is reserved for the wealthy. In fact, anyone with any amount of assets needs to safeguard them for themselves and their heirs. Without a proper estate plan, those assets are susceptible to outside forces – from estate taxes to probate courts.
What is an Estate Plan?
- A legally recognized set of instructions for handling your assets in the event of your death of incapacitation
Who needs an Estate Plan?
- ANYONE who owns ANYTHING of value (property, investments, etc.)
- ANYONE with a regular income source
- ANYONE with heirs . . .
- basically, EVERYONE needs an Estate Plan!!!
What does a typical Estate Plan include?
- Designated Beneficiaries
- Designated Power of Attorney
- Traditional Will
- Living Will
- Trust Fund Set-Up
Why set up an Estate Plan?
- Protect your assets (and any heirs who could potentially receive them)
- Maximize the value and growth of your assets
- Minimize any ‘inheritance’ tax penalties
- Shield your assets from public view and government intervention
- Ensure your wishes and legacy are carried out
It is never too early – or too late – to set up an estate plan . . . call me today at 404-999-9906 to get started!