![]() (Note that references to a “Will” in this checklist are generally interchangeable with the term “Revocable Trust”, which can also be used as the centerpiece of an estate plan.) However, irrevocable trusts – such as a Life Insurance Trust or Asset Protection Trust as well as other estate planning documents should also be reviewed periodically to see if they are still appropriate to your life. ![]() The estate planning checklist I have created for you below focuses on the foundation of your plan, including the creation of documents such as a Last Will and Testament, Revocable Trust, General Durable Power of Attorney, and Living Will. We recommend that our clients review their estate planning documents once every five (5) years or so, especially after a major personal or financial change. Without doubt, new laws will be passed by the state and federal government as well as the IRS. As the years pass, you and your family will age, perhaps grow in number, and your assets will change. Set up a free initial consultation today at our Beaumont office by calling 40 or completing our online contact form.Your estate plan is all about you! It’s an investment in you and your family’s future. We have the experience to accomplish your estate planning goals. You deserve the peace of mind that comes with a sound estate plan. We will efficiently update your estate plan so that it keeps up with your life. Changes in children or grandchildren, marital status, retirement plans and even your charitable giving intentions will require updates. We understand that significant life events will impact your estate plan. There may be similar strategies to avoid putting your business at risk. To avoid early withdrawal penalties, we might suggest a creative solution, such as a promissory note. We stay current on the most recent asset preservation strategies. Protecting Your PropertyĪnother common question involves shielding retirement plan assets. Even if you want to ensure that pets are cared for after your passing, we have the tools to accomplish your goals. If you are concerned about the probate and administration of your estate, we will offer strategies to streamline the process. If you own a business, we will customize our your plan for your business needs. If you are interested in probate and tax avoidance strategies, we will analyze how to best immunize your estate. If you have concerns about caring for loved ones, we may recommend naming a guardian and setting up one or more trusts. Those goals may be financial or personal. If you come to us with questions about your retirement liquidity, we will analyze your options in the context of your estate planning goals. Our clients benefit from our comprehensive approach to estate planning. We Have The Experience To Address All Of Your Estate Planning Needs In addition, most clients want to minimize the administrative costs and hassle for their surviving loved ones by utilizing probate and tax avoidance strategies. While a will is a good starting point, a comprehensive estate plan will address multiple contingencies, including your preferences regarding life-sustaining medical care, asset transfers, naming one or more guardians for you and your estate in the event of your incompetency, and retirement needs. ![]() Estate planning is about more than just drafting a last will and testament.
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