YOUR ESTATE PLAN

Consulting an estate planning attorney to set up an appropriate plan for the future is essential to protecting your hard earned assets. A common misconception is that estate planning is only necessary for the very well to do. However, it is important to realize that even modest earners and people who have earned a solid income and own a home or property can benefit from proper estate planning with the advice of an attorney. 

Estate tax exemptions may vary from year to year.Therefore, it is important to implement an estate plan so that the assets of your estate are appropriately transferred to minimize the potential impact of taxes to the estate. You may also need to consider tax consequences in order to ensure that there is enough liquidity in your estate to carry out your wishes. An estate planning attorney and financial advisor can assist you in determining the value of your assets. You will need to make decisions regarding the beneficiaries, and what property you wish them to inherit through a Will or Trust that you have established during your lifetime.

In addition, your attorney can assist you by drafting the appropriate documents to ensure that your assets are protected, which may include a Will, Health Care Directive, or Power of Attorney, and a Trust. Perhaps it has been years since you've updated your Will. Or you may have remarried and have stepchildren and grandchildren who should be considered. Perhaps your assets have increased in value and you wish to establish a Trust to protect those assets.

Making an estate plan is best done while you are in good health and capable of making these decisions. While there many factors to consider when creating an estate plan, the legal staff at Marine View Law and Escrow will provide you with outstanding service and advice to best meet your estate planning needs.