Legacy Planning Process
“Estate planning” is a broad term and it is not unusual for it to mean something different for everyone.  I like to use the following definition for estate planning because I think it does a good job of capturing the overall intent of Estate Planning for most people.

 ”We want to manage our property while we are alive, take care of us and our loved ones if we become disabled, and give what we have to whom we want, the way we want, and to whom we want.  Furthermore, if we can, we want to save every last tax dollar, professional fee, and court cost legally possible.”

Here is an article that goes into a little more detail on the component parts of Estate Planning.

Estate Planning – What Is It?

     The main idea behind estate planning is that we work together to devise the best possible plan that will enable you to distribute your estate in accordance with your wishes.  There are many tools we will use when we design your plan and the ones we use will be determined  by your desires and needs.  Your Plan will be founded on either a Will or a Revocable Living Trust.  Here are a couple of articles that help explain how these tools work.

What Is A Last Will and Testament and Do I Need One?

What Is A Revocable Living Trust and Should I Consider Having One? 

What Is The Difference Between A Will And A Revocable Living Trust? Which One Should I Use?

     Whether we use a Will or a Revocable Living Trust, how each is designed will depend on your desires and needs.  Take a look at the following to get some insight on the specifics.

How Will My Assets and Estate Pass To My Spouse, Children, and Beneficiaries?

Estate Planning For Families With Young Children – Part 1 of 2

Estate Planning For Families With Young Children – Part 2 of 2

I Am A Business Owner, How Do I Transfer My Business To My Descendants?

Can I Include Charitable Giving In My Estate Plan?

Naming A Trust As A Beneficiary Of An IRA?  Is It A Good Idea?

How Do I Fill Out The Beneficiary Designation Form For My IRA or 401(k)?

     Along with your Will or Revocable Living Trust, we will also use several anciliary documens such as Durable Power of Attorney, A Medical Power of Attorney, A HIPAA authorization form, A Living Will, and a Declaration of Guardian For Minor Children (if you have children under the age of 18).  See the following articles for a discussion on these documents.

 What Is A Power of Attorney For Financial Matters?

What Is A Healthcare Power of Attorney And How Is It Used In Estate Planning?

What is an Advance Directive, or a Living Will, and How Do They Work?

What Is A Declaration Of Guardian, And How Does It Work?

Here are a few miscellaneous articles that you may find interesting in regards to your Estate Planning.

Should I Update My Estate Plan?

Can I Use The Internet To Make My Own Estate Planning Documents?

What Happens To My Facebook, Linkedin, and Twitter Accounts When I Pass Away?

My Spouse (or Parent) Seems To Have Periods of Forgetfulness or Dementia, What Do I Need To Do?

How Do I Get My Financial Affairs In Order?