Estate Planning

“If a man dies and leaves his estate in an uncertain condition, the lawyers become his heirs.”   – Edgar Watson Howe (1853-1937)

Why is Estate Planning and Asset Protection important?

1.  Estate planning is not a will or technique but a complete approach to address incapacity, death, asset disposition, and wealth transfer.

2.  Some plan is better than no plan.  But documents should match your goals rather than be a standard package.

3.  A well written plan should be flexible, since circumstances and laws will change.

4.  Asset protection may need to be part of your estate plan.  Entities and asset segregation should  be utilized for the most effective asset protection.

5.  Life insurance may be the best for income protection, but should be be owned by a trust or some other entity.