Estate planning is a process involving anticipation and proper arrangement of a person’s assets during a person’s life and after their death ensuring that their estate planning needs are well met with minimal risks due to gift, estate, transfer and income taxes.
When considering the distribution of assets, there are a few options to choose from: Will and Testament or Trust.
By asset protection we generally understand a set of legal tools designed to safeguard individual and business assets from any set of civil legal proceedings. The major objective of the asset protection plan is to defend clients’ assets against claims from creditors avoiding perjury and tax evasion.
Probate is a legal process of establishing the authenticity of a document attesting to the true will of the deceased in a Court of Law.
A legal guardian is a person appointed by the legal authority to provide care for personal and financial matters of another person, legally referred to as ward.