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Knowledge is Power When it Comes to Estate Plans

Last week, we discussed trusts and how you can determine if a trust is right for you. That post, along with others on our blog, might have you wondering where you should start if you don’t have an estate plan. The easiest answer to that is that you should start listing your assets so that you can determine how you want them distributed when you pass away.

We know that coming up with an estate plan isn’t easy. Various types of trusts can be confusing. Even wills can be complex, depending on your assets. We are here to help you as you go through the possibilities to determine how to set up your estate plan. Trusts, wills and powers of attorney are some of the estate planning tools you might choose to use.

Once you know what you want to do with your assets, we can help you to determine how you can meet your goals. For most people, keeping the estate out of lengthy and costly probate proceedings is one goal of creating an estate plan. Another goal is avoiding unnecessary taxes. We can help you come up with an estate plan based on the aspects that you consider important.

As you create your estate plan, we can help you to understand the ways that are available to meet your needs. In some cases, you will have multiple options, so you will have to decide what you want to do. While we can’t make the choices for you, we can help you to learn the pros and cons of each option you have.

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