Estate planning is a proactive step, the careful and deliberate process of designing your estate to help you avoid or reduce estate taxes and preserve more of your legacy for the intended beneficiaries. Assets gifted during life in a correct manner as well as assets deeded to family members through trusts have significant tax advantages, so it’s important to speak with an attorney soon after creating a will & testament if this isn’t already done!
Estate attorneys are well-trained in preparing wills, trusts (such as revocable living trusts), bypassing probate court when possible to avoid unnecessary delays that could jeopardize a loved one’s safety or health; transferring property smoothly from old age inheritance tax reporting requirements – all with legal certainty for yourself!
The personal goals may be financial stability and savings, family protection … not only peace of mind but also general prosperity and financial freedom.
Learn more about what estate planning is.