The term “estate planning” is used today in many different aspects. Attorneys, financial institutions, accountants, and insurance companies all promote themselves as providing estate planning. But what does estate planning really mean?
Many people incorrectly believe that estate planning means drafting a will or a trust or avoiding probate or taxes on death. While these goals may be important, they are but a small part of estate planning. Everyone has different estate planning goals, that may or may not involve wills, trusts, probate, and taxes.
In choosing Polito | Burke | Rodstrom | Szep LLP as your attorneys, we envision a relationship that will last for your lifetime; you are choosing counselors who will craft a plan that your family must live with after you are gone; you are choosing advisors upon whom your loved ones will depend at their most difficult times; and you are creating a plan that not only leaves your assets to your heirs, but leaves a part of you to them as well.
The following is a partial list of estate planning tools we often use to help our clients craft their estate plans:
However, all of the above estate planning documents are useless tools unless accompanied by professional advice and counseling.