Estate Planning

Problem: There is a mistaken impression that, at death, your assets will automatically be distributed to your loved ones. Instead, several “unwanted heirs” may step forward FIRST for their share of your estate.

These “unwanted heirs” include:

Federal Estate Tax
State Inheritance Tax
Estate Administrative Costs (funeral expenses, probate costs, professional fees, final expenses and debts)

These “unwanted heirs” can siphon off a significant portion of the estate’s total value.

Other issues include:

Transfer of Assets

Estate assets may be subject to probate delays and expenses
Assets to minors may be in cumbersome guardianship accounts.
Additional death taxes may be paid because there was no pre-death planning.

Guardians: Parents can nominate a guardian for their minor children in a will.
Asset Management: If the wrong person is chosen to manage the assets for the minors, the assets may be most or greatly reduced.

"In a few hours of estate planning, many of our clients could save more than they accumulated over the last several years." - Price Waterhouse

We have been helping clients for years with estate planning problems by showing them the most effective and efficient methods for passing their assets to their loved ones and/or favorite charities and institutions. You are most welcome to click on the Needs Analysis link and forward you information to us or call us at 979-836-5636 and we will set up a time to meet and discuss your estate planning needs.