Estate Planning
Estate planning essentially involves the drafting of legal documents with the purpose of effectuating your wishes upon your death. Many times, it also involves structuring those wishes so as to reduce the taxes that the estate and/or the beneficiaries have to pay. For many of us, it is a topic that we do not like to think about for the obvious reasons. Not only are we dealing with money, but our own mortality. However, poor or lack of planning can significantly impact your loved ones leading to dispute between relatives as to property and guardianship issues as to minor children.
Often times, estate planning is something that we keep telling ourselves we will get to when we have the time. Unfortunately, when the need for estate planning arises it is often too late. Accidents and sickness happens that can deprive us of the ability to prepare the necessary documents to provide for our loved ones.
Not only is planning necessary, but you need an attorney that knows what he is doing and can properly prepare documents that will effectuate your wishes whatever they may be.