Estate Planning

“Effectively Managing Your Estate”

Estate planning is not just about tax planning. It comprises a variety of sensitive issues that need to be considered and included in a plan that tells your survivors what steps to take when you are incapacitated or no longer here. Your wishes for how your wealth effects future generations may be crystal clear, but translating those wishes into reality can be difficult. Over the years we have found that while many new clients have taken the time to meet with an attorney and have had documents prepared, they have not properly re-titled assets or updated beneficiary designations, creating serious risks to their overall estate plan.

We will help you understand how your assets will be distributed under your current estate plan and existing tax law.  Our team will help align your estate plan with your financial plan by working closely with your estate planning attorney to formalize your wishes and explore alternatives for minimizing your estate’s administrative burden as well as projected estate taxes.

Key steps in the development of your estate plan may include:

  • Creating a will
  • Updating beneficiary designations
  • Establishing a health care power of attorney
  • Creating a living will
  • Naming a power of attorney
  • Establishing a trust
  • Utilizing gifting strategies to reduce estate tax liability
Estate Planning Services | Hall & Burns Wealth Management