What is estate planning?

What is estate planning?

WHAT IS ESTATE PLANNING?
Estate planning, in short, is advanced planning for who gets the stuff that you and I and all of us cling to while alive, after we die. Yes, estate planning in case you missed the point is: determining in advance who gets the stuff we cling to while knowing it all ends in a room with a bed a bath and a closet. Alright, that’s harsh. Estate planning is more.

ESTATE PLANNING IS AN ACT OF LOVE.
It allows you to give instructions for passing your values on to your loved ones and on to things you love. Through various instruments including trusts, wills, powers of attorney, caregiver agreements, medicaid planning, and funeral planning you can provide instructions for and the means to care for, among other things:

  • Your minor children.
  • Family members with special needs.
  • You, in the event you become disabled.
  • Family members who are “financially challenged”
  • Family members who are not the best at picking a mate.
  • Maintaining or transferring your homes and/or businesses.
  • Charitable organizations you hold close to you heart.

ESTATE PLANNING PROCESS
You have to gather lots of personal information and share it with me along with your preference for which of your loved ones will receive what things of value, who will oversee the distribution of those things of value to your loved ones, and when those things of value will be given to those whom you love. Obviously, this is an oversimplification, but we can discuss the heady stuff when you come to see me.

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