This portion of the financial plan contains an analysis of your present personal estate arrangements. Our intention is to disclose any problems or potential problems in your present plan, and provide all the facts on which to base decisions concerning their solution. An estate plan should include the following:

Determining most advantageous means of owning family properties.

An up-to-date plan for passing properties via gifts, wills and trusts. If you have no valid will, intestacy statutes will provide that assets pass according to the laws of the state in which you reside and not according to your intentions.

Adequate and available money to meet known and anticipated future needs in the event income ceases due to death, disability or retirement.

Minimizing estate and income taxes, administrative expenses, executor’s commissions and attorney’s fees.

Preserving the assets you have worked hard to accumulate.

Use of trusts employing marital deduction and family trusts.

Basic Will documents and Durable Powers of Attorney.

Incorporating Qualified Terminable Interest Property (Q-TIP) trust provisions.

Arranging assets to conform to the estate plan, such as changing the beneficiary on life insurance policies and changing forms and titles of ownership.

Irrevocable trusts, especially to hold life insurance.

Gifting to family members and charities.

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