What should be my goals and objectives for my estate planning?
September 9, 2008

A: The goals and objectives may be stated in a variety of ways but they always come down to a combination of the following: (i) provide financial security to my family and heirs, (ii) transfer title to property so as not to burden my heirs, (iii) ensure that property is preserved and passed on to heirs, (iv) avoid disputes among interested persons (business partners, family, heirs, etc.), (v) provide for the future of my children and/or grandchildren, (vi) provide a charitable legacy, (vii) maintain control and management of assets in the event of incapacity, (viii) minimize the death taxes and other costs, and (ix) provide adequate liquidity to settle the estate. To determine which are most important to you, ask yourself the following: How much money do I need to live for the rest of my life? What do I want to leave to my heirs and what do I want to do with the rest of it? Then, call your advisor to help direct you through the process safely and effectively.

If you have questions, please contact:
Charles B. Jones

CJones@tandllaw.com
(410) 752-2468