ESTATE PLANNING AND TRUST PLANNING
Estate and Trust Planning for Your Spouse and/or the Next Generation
The goal of Estate Planning is passing the assets that you retained during your life to your heirs, which most often are your children and grandchildren. Estate Planning also encompasses planning for Incapacity.
In order to achieve Basic Estate Planning, you should have the following documents in place prior to your Incapacity or Death: Health Care Surrogate (or Health Care Directive), Durable Power of Attorney, Living Will, Last Will and Testament and/or Revocable Living Trust.
In addition to these documents, and depending on the size of your Estate, you can execute certain other Trusts and other Business Agreements which integrate with your Basic Estate Planning documents to achieve optimal Estate Tax planning and savings objectives.
You can also integrate other irrevocable trusts, such as Irrevocable Life Insurance Trusts, Defective Grantor Trusts, Qualified Personal Residence Trusts, Grantor Retained Unified Trusts, as well as many other Trusts to achieve your Estate Planning and Tax Planning needs.
Learn more about each specific Estate Planning strategy by visiting the links below:
- Planning using the Irrevocable Trust
- Planning using the Revocable Living Trust
- Last Will and Testament (Traditional and Pour Over Last Will)
- Incapacity Planning for Health Care and Financial Related Decisions
Contact our Law Firm to obtain a Complimentary Preliminary Consultation on how we can assist you with your Estate Planning, Probate, Legal, Business Law, Real Estate, Tax Planning and/or Tax Preparation needs.
Info@HowardSchwartzPA.com | (561) 997 0000