An estate plan can be simple or complex. Most clients wish to keep their plans simple, but even the simplest plan should include three types of documents: a will, a durable power of attorney, and living will documents.
There are, however, factors that can make the plan more complicated: ownership of a business; and the need to create trusts for both tax and non-tax reasons, for special needs family members, and other special circumstances.
Effective estate planning should be comprehensive
and ultimately create peace of mind for all involved. This involves focusing not just on how assets are handled at death, but also on addressing potential disability during life.
Proper planning for potential disability during life allows a person to nominate one or more trusted people to act for the person if the person becomes disabled through a durable power of attorney, a living will, and related documents.
Planning for death allows a person to determine who is to receive the person's assets, to nominate one or more others to implement the plan, to reduce or eliminate certain taxes, and to reduce administration fees and costs.
Estate planning may also require the involvement of other advisors such as a person’s accountant, financial advisor, investment broker, and insurance agent.
The beginning of this process is completion of the Estate Planning Confidential Questionnaire, which can be printed from this website. This form is designed to obtain basic information to gather information to determine a person’s current situation, preferences, and issues for discussion at the initial conference, and also to be able to prepare appropriate documents.
Access the Estate Planning Questionnaire and call
(850) 523-9300 to schedule an appointment
Copyright 2015. Terrence T. Dariotis. All rights reserved.