A good estate plan will allow you to retain control of your assets and protect you from the high costs of medical care in later years to the extent that federal and state laws permit. An estate plan is a set of legal documents that are designed to preserve your assets and distribute them to your desired heirs in an intelligent and well thought out manner.
The complexity of your estate plan depends upon many factors. The attorneys of The Kraft Walser Law Office will discuss your situation with you. Taking into consideration the value of your assets, types of assets, your beneficiaries (and their age), tax implications and alternatives available to you they will design an estate plan for your specific needs. They will review the plan with you, explaining in detail why each part of the estate plan is created the way it is.
What should an estate plan consider? Protecting your assets for your later years and determining how you want your assets distributed to your heirs can be complicated. There are tax, legal and many other considerations that will influence your estate plan.