Estate planning is the creation of a definite plan for the preservation and the distribution of your assets, both during your life and upon your death. Making an estate plan eases the management of your financial and legal affairs, while possibly minimizing taxes if your estate is large enough for taxes to be of concern.
When we talk about an estate, we mean all assets of any value that you own. This includes real property, business interests, investments, insurance proceeds, personal property and even your personal effects. An estate plan refers to the means by which your estate is passed on to your loved ones. Estate planning can be accomplished through a variety of methods, including:
- Revocable Living Trusts
- Last Will and Testament/Probate
- Lifetime Gifting
- Joint Ownership
- Beneficiary Designations
- Life Estates
Challenges often arise when people don’t coordinate all of these methods. However, with a comprehensive estate plan created by Cochrangersh Law Offices, P.S.C., you will ensure your estate passes to whom you want, when you want, and in the manner you’ve chosen.
We want you to feel confident about the choices you make. Let us be your guide on the path toward preserving your family’s future. To find out more about putting your estate plan into place, please call us at (502) 423-7023 or Click Here to request a consultation.