Your Estate

Level One of Asset Protection involves basic Estate Planning for the professional or business owner that includes Wills, Revocable Living Trusts, Durable Powers of Attorney and Healthcare Powers of Attorney.  This is a basic level that has to be addressed by everybody, but especially professionals, business owners and people of wealth.  Anyone with assets and especially real property should consider having a Living Trust.  It avoids Probate and can help to reduce or even eliminate estate taxes.  It provides for maximum privacy and it can be changed or cancelled at any time.  Wills are also necessary in conjunction with the Living Trust.  One of the most important parts of the Will is to name an Executor who has the responsibility to collect and distribute assets and to administer your estate.  If you have minor children, the Will nominates the person you select to be the guardian of such children.  A Will, a Trust and Powers of Attorney help to protect and preserve assets and are essential documents for any family or individual with assets.