Estate Planning—Wills and Trusts

Proper estate planning includes tax-saving strategies for today and a plan for transferring family wealth in the future. There are a range of estate planning instruments, including:

Will

A Will provides for the distribution of your assets upon death, and usually requires a probate court proceeding to enforce your wishes.

Revocable Living Trust

Like a Will, a Revocable Trust controls the distribution of your assets after death, usually without the need of a probate estate proceeding. A Revocable Living Trust can also provide for the management of your assets in the event of incapacity.

Irrevocable Trust

An Irrevocable Trust is ideal for tax planning and asset protection but does have some limitations. Click here for information on Wealth Planning Trusts.