Trying to do estate planning on your own can be complicated and costly. The list is endless; you need to think about state taxes, bureaucracy, probate courts, unfair appraisals, healthcare concerns, eligibility of heirs, life insurance, IRAs, 401Ks, annuities, burial or cremation costs, and intent regarding death-postponing treatment. Not knowing your legal and financial rights often ends up costing you more in the long run.
Thoughts of estate planning often bring more questions than answers: Could an heir be too young to inherit? Should the inheritance be given at a certain age? Is the intended beneficiary in a shaky marriage with divorce as a possibility? Are there children from a previous marriage? Should inheritance be protected from potential creditors of the heir? Are there taxes that can be avoided? Are you able to avoid the probate court rules, delays, and costs?
Planning what happens to your estate when you're gone can be frustrating and intimidating. You may feel that you're too young to care about estate planning. Or, perhaps the reminder of death makes you uncomfortable. You might be tempted to put the whole thing off, assuming that it will just take care of itself. In all cases, estate planning saves families time, heartache and money.
The Lee Accountancy Group can help
Every estate planning situation is different. In order to help you, we want to know you, your unique situation and the nature of your relationships. We offer discussion, recommendations and research tools to make your planning simple, efficient, and worry-free. We are available throughout the process for questions and consultation.
We help you...
- Clearly define your estate planning goals.
- Organize and create your estate planning team who are experts on law, finance, and taxes.
- Evaluate and recommend estate planning options.
- Prepare, organize and review your estate planning documents including current wills, trusts, health care and power of attorney.
- Decrease the problems and expenses associated with probate.
- Lessen taxes at time of death.
- Arrange for management of your estate in the event you are incapacitated.
- Draft a working plan for conserving and effectively managing your estate after death.
- Transfer the assets of your estate to heirs according to your wishes.
- Organize fair and adequate liquidation of the estate to cover taxes and other expenses.
- Amend your plan as needed. An estate plan should be reviewed often to reflect life events. Things like birth of children and deaths of family members need to be included in an estate plan if they are part of an inheritance.
You also get help with...
- Living Wills and Trusts.
- Lifetime Family Wealth Transfers.
- Family partnerships and other business relationships.
- Leaving money to charities.
- Preparation for estate and trust tax problems.
The hassles and red tape associated with estate planning can be daunting, but you don't need to do it alone. Our team is waiting to assist you through every step of the process.
