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Estate Planning

Many people believe that estate planning is only for people who are particularly wealthy, have elaborate schemes in mind for passing their money to their heirs, or for people who are acutely ill and contemplating their death. This could not be farther from the truth!

         Estate planning is for every husband, wife, mother, father, grandparent, 
 business owner, professional, or anyone else who has someone they care
 about, are concerned  about providing responsibly for their own well being
 and for the well being of those  they love, and for anyone who seeks to make
 a difference in the lives of others after  they're gone. Estate planning is not
 'death planning'; it's 'life planning', and an essential and rewarding process
 for individuals and families who engage in it.

 When done properly, estate planning requires that a highly trained individual
 lead youhrough one or more in-depth meetings to uncover your hopes, fears,
 and expectations for yourself and for those who are most  important to you.
 This process almost always requires the preparation of several sophisticated
 legal documents, but those documents themselves are not 'estate planning.'
  Planning is a process, represented by a complete strategy that is properly documented and maintained by a
  professional who has taken the time to get to know you, and who is committed to continuing to serve you.

Estate Planning is generally either foundational or advanced, depending on your goals and circumstances.

Foundational concepts may include:                                                                                                                                                   
 •           Will or Trust based estate plans with marital and
              bypass planning;
 •           A suite of supporting documents which may include a 
             Durable Power of Attorney, Health Care Proxy, Living
             Will, HIPAA Release, and Homestead;
 •           Irrevocable Trusts for Asset Protection;
 •           Life Insurance Trusts (ILIT); and/or
 •           Special Needs Trusts (to preserve and state or federal
              benefits a child or beneficiary may be receiving)

Advanced concepts often come into play where Estate Tax Planning or Advanced Asset Protection may be needed and may include:

•           Qualified Personal Residence Trusts (QPRT);
•           Grantor Retained Annuity Trusts (GRAT);
•           Lifetime Bypass Trusts;
•           Spousal Lifetime Access Trusts (SLAT);
•           Sale or Loan to a Defective Grantor Trust; and/or
•           Multigenerational Trusts (Generation Skipping)