Wills, Trusts & Estate Planning
A simple estate plan generally consists of a will, a power of attorney, a health care proxy and a living will. The will names the person who will be in charge of overseeing the transfer of your wealth and gives specific directions about who will get what. The power of attorney names a person to take charge of your finances if you are so disabled that you cannot make financial decisions for yourself. The health care proxy names a person to make medical decisions if you are unable to make them on your own. The living will evidences your wishes regarding end of life medical care. For many individuals, a simple estate plan is all that is needed.
For some clients, their estates will result in estate taxes, and their situation may call for a more complex approach involving trusts created at death and trusts and transfers while living in order to reduce potential estate taxes. Such a plan will make use of the available exemptions from estate taxes at death, and if there is still some estate tax exposure, the plan will consider transfers during lifetime to reduce further any estate taxes. There are a large number of techniques that are available, and the choice of which to use depends on the assets and the client’s goals.
Estate planning is not just an important tool for seniors and wealthy individuals. It is also critical for newlyweds, new parents, and young adults who are beginning to accumulate wealth. Having trusted agents to manage your assets, direct emergency medical care, and provide support to your children in times of crisis or your absence is invaluable. Our estate planning documents enable you to direct your affairs and to name the individuals you want to care for your children when you cannot.
Lisa Katz takes a comprehensive approach to estate planning. Each estate plan is tailored to the client's special circumstances. Lisa's ultimate goal is to meet your needs, protect assets, and bring peace of mind to you and your family.
For some clients, their estates will result in estate taxes, and their situation may call for a more complex approach involving trusts created at death and trusts and transfers while living in order to reduce potential estate taxes. Such a plan will make use of the available exemptions from estate taxes at death, and if there is still some estate tax exposure, the plan will consider transfers during lifetime to reduce further any estate taxes. There are a large number of techniques that are available, and the choice of which to use depends on the assets and the client’s goals.
Estate planning is not just an important tool for seniors and wealthy individuals. It is also critical for newlyweds, new parents, and young adults who are beginning to accumulate wealth. Having trusted agents to manage your assets, direct emergency medical care, and provide support to your children in times of crisis or your absence is invaluable. Our estate planning documents enable you to direct your affairs and to name the individuals you want to care for your children when you cannot.
Lisa Katz takes a comprehensive approach to estate planning. Each estate plan is tailored to the client's special circumstances. Lisa's ultimate goal is to meet your needs, protect assets, and bring peace of mind to you and your family.