Estate, Trust and Gift Planning
Anyone who owns property, a car, a bank account, investments, a retirement plan, or personal belongings needs an estate plan. This plan allows you to direct how and to whom your property will be distributed after your demise. Without an estate plan, your property could be distributed according to state and federal laws – and without regard to your family’s needs or your desires.
Estate planning is an ongoing process. Providing for the orderly transfer of personal assets can be a difficult task. Though most people understand the need to plan for such events, many do not know where to start. Frazier & Deeter can provide the knowledge and direction necessary to help you make the right moves.
Because this type of planning can be emotionally charged for some, the guardianship of your children can be an additional stress point. The caregiver of your children should be named in your estate plan to ensure your wishes are followed.
In addition, a trust can be created for your beneficiaries. The purpose of a trust is to transfer to another a property or interest to be held for the benefi ts of himself or others. There are many benefits to living trusts, including avoidance of probate administration and privacy of inheritance.
Estate planning can also prepare a family-owned business for the management and continuation after you die or should you become disabled. Your business or investment interests need to be protected just as any personal property.
Our tax professionals are uniquely qualified to help you achieve all of your estate planning goals, whether your goal is to minimize estate and gift taxes, address the important succession planning issues that face family business owners, or to maximize the income and estate tax advantages of charitable giving. Estate planning is a complex process, but we can design a comprehensive, personalized plan that will preserve your hard earned assets as well as enhance and protect your family’s future for generations to come.