Estate Palnning

By: Wild Felice & Partners, PA  07/05/2015
Keywords: Estate Planning, Family Wealth Planning

Most people have a misconception of estate planning. Many people don’t think they have the assets to require it. Others think they are too young to worry about it. Estate planning is not contingent on wealth or age. Estate planning is all about those loved ones that we leave behind. A 90 year old with $9 billion and no family, friends or charitable intent is less concerned with what happens to his money than a 40 year old with two young children, a home and a small nest egg. Comprehensive estate planning allows you to choose who raises your children, who manages your affairs and how and when your beneficiaries receive your assets. You can avoid probate, give asset protection to beneficiaries and control assets long after you are gone by using a Revocable Trust. You can reduce or eliminate estate taxes with advanced planning. You can also decide who makes financial and medical decisions for you when you are unable to make them for yourself with a Durable Power of Attorney, a Designation of Health Care Surrogate and a Living Will. If you are alive and have loved ones that you care about, you need to set up a comprehensive estate plan before it is too late.

Keywords: Estate Planning, Family Wealth Planning

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