Estate planning involves creating and implementing a definite plan to preserve and distribute your assets both during your lifetime and upon your death or incapacitation. Having a specific plan in place not only protects your assets and your loved ones, but also minimizes stress and eases the burden of managing your financial and legal affairs during an emotional time in your loved ones lives.
Your estate includes any property you own, such as bank accounts, land, homes, business
interests, insurance proceeds, personal property, and personal effects. Creating an effective estate plan requires more than having a will. It can involve several methods of asset preservation and distribution, including trusts, lifetime gifts, life estates, beneficiary designations, guardianships, advanced healthcare directives, medical powers of attorney, etc. But most importantly, having a definite estate plan ensures