Estate and Trust Planning

Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for the individual prior to death.

A Trust based plan is considered when the total value of the estate is over the federal estate tax exemption amount for that given year; whereas, a Will based plan is considered when the total value of the estate is under the federal estate tax exemption amount for that given year.

Our attorneys assist clients in creating an individualized estate plan that coincides with his or her personal and family needs. Depending on the size of the estate, a client may be counseled in the preparation of a Trust based or a Will based estate plan. However, no matter the size of the estate, it is crucial to have an estate plan in place at the time of your death.