Personalized Estate Planning: Preparing For The Future
Many people believe that estate planning is only for people who are particularly wealthy, people who have elaborate schemes in mind for passing their money to their heirs, or people who are acutely ill and contemplating their death. This could not be farther from the truth!
Estate planning is not death planning; it’s life planning and an essential and rewarding process for individuals and families who engage in it.
Making Estate Planning Comfortable
For many people, estate planning can be a very difficult subject to contemplate. But it doesn’t have to be a difficult or laborious process. I will do all I can to make estate planning as easy as possible. Let’s sit down and discuss how I can guide you and your loved ones towards a comfortable and secure future.
Asking The Key Questions
Basic estate planning begins with an evaluation of your assets and a review of any previous estate planning strategies you’ve employed. Here are some basic questions to answer:
- How are your assets titled?
- Who are the beneficiaries on your life insurance and retirement benefits?
- What college investments have you established for younger generations?
- Who will make decisions if you become incapacitated?
Addressing Your Objectives And Concerns
Once you’ve collected this estate planning information, you can start to think about your objectives and concerns. Some matters to consider are your income requirements, naming a guardian for your children, the amount of creditor protection you’ll need and designating beneficiaries.
Familiarizing yourself with the proper estate planning tools will help you avoid some common obstacles, ensuring your assets pass on to your intended heirs while minimizing state and federal taxes. One of these tools is a will. It dictates how your estate is to be distributed. Trusts are another valuable option. Trusts can deliver certain assets to a beneficiary with minimal tax interference.
I can help you implement the following estate planning tools:
- Wills or trusts
- Special needs trusts
- Pet trusts
- Powers of attorney
- Advanced directives for health care
- Mental health care directive
- Appointment of representative regarding the disposition of remains
Discuss Your Options With A Capable Lawyer
All Oregon residents can benefit from establishing an estate plan. To discuss your options with an experienced attorney, call my Portland office at 971-808-4518 to schedule an initial consultation. You may also contact Christopher J. Kane, PC, online. I will carefully evaluate your situation and create a personalized plan that maximizes your benefits.