Saturday, June 21, 2014

WHAT GOOD ESTATE PLANNING DOCUMENTS DO




1. A revocable Living Trust avoids a conservatorship of your assets; 


"2. An Advance Health Care Directive avoids a conservatorship of your person; 


3. A Durable Power of Attorney for property management avoids a conservatorship of your assets; 


4. A properly structured revocable Living Trust minimizes estate tax; 


5. A properly structured Living Trust provides for the surviving spouse, while protecting the interests of children from a prior marriage; 


6. All of your estate planning documents should work in concert to minimize capital gains tax and other income taxes paid by the surviving spouse, children or other beneficiaries.

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