Estate Planning

Benjamin Franklin wrote, “In this world nothing can be said to be certain, except death and taxes.” What he did not go on to say, but could have, is that neither should be undertaken without a trusted advisor by your side.

Estate planning is a delicate and complicated affair, a maze of taxes and bureaucracy, insurance and annuities, IRAs and 401Ks, health care bills and probate courts, all hard enough to maneuver on their own. Navigating this alone could result in costly mistakes.

The truth is that formulating a plan for what remains after you’re gone is an intimidating prospect, and not knowing your legal and financial rights and options can cost you dearly in the end.

In addition, the early stages of estate planning often give rise to more questions than answers, which is why you need the help of our expert, qualified professionals. 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?

We at Nicola Yester understand the feelings that may be holding you back: “I’m too young to think about estate planning.” Or, “Talking about death makes me uncomfortable.” And while these feelings are completely natural, estate planning is a gift to your survivors that only happens if you make it happen. Doing so saves the loved ones you leave behind immeasurable heartache, an abundance of time, and many unnecessary expenses.

We also understand that every estate planning situation is different, unique, and starts with you: your needs, your concerns, your relationships. We’ll listen and then offer recommendations and useful research tools to make the process as simple, efficient, and worry-free as possible. Every step of the way, we’ll be there to help you:

  • Clarify and identify your estate planning goals.
  • Assemble a team of estate planning experts in law, finance, and taxes.
  • Evaluate and recommend the best estate planning options for you.
  • Alleviate the complications and expenses associated with probate.
  • Minimize taxes arising at time of death.
  • Arrange for an estate management contingency in the event of incapacity.
  • Draft a working plan for conserving and effectively managing your estate after death.
  • Organize a fair and adequate estate liquidation to cover taxes and other expenses.
  • Amend your plan as needed.

You will also receive guidance with:

  • Living Wills and Trusts.
  • Lifetime Family Wealth Transfers.
  • Family partnerships and other business relationships.
  • Charitable distributions.
  • Preparation for estate and trust tax issues.

The hassles and red tape associated with estate planning can be daunting and the prospect unnerving, so don’t go it alone. Let our team guide you every step of the way. To learn more about our estate planning services, contact our office today.