Taking care of your family and yourself the way you want, either through lifetime gifting or distribution of assets upon death, is better discussed in advance while you are still in favorable health and mind. There can be many complications to an estate, business and legacy if the proper arrangements are not in place. An estate plan will assist you in:
- Preserving assets in the event of your incapacity during life
- Directing distributions of your assets
- Protecting the value of the estate from the costs associated with taxes, professional fees and court costs for the benefit of your heirs
- Fulfilling charitable objectives