No matter the size, you have worked very hard to build your estate. Sometimes you are not even aware of all that you possess in:
- Real estate
- Bank accounts, certificates of deposit
- Stocks, bonds
- Pension plans
- Other investments, such as your business and its goodwill value
- Value of an ongoing business
The key now is to prepare and provide ways to preserve it.
You may want to plan for a future business or retirement. You may want to protect your family against the unexpected loss of your income. You may wonder what is the most effective and efficient way to pass some, if not all, of your estate on to the children and grandchildren. From Paul Maloof’s perspective, the goal of Estate Planning is to legally and comprehensively safeguard your assets.
Many approaches are available to prepare wills and trusts that will minimize federal and state taxes and other burdens to your estate.
Appropriate estate structures are based on a number of variables, including:
- Marital status
- Children
- Types of assets
- Intentions
- Medical care
You can discuss your individual situation with Paul Maloof and his colleagues at Redmon, Peyton & Braswell, who have many years of experience with estate planning and the preparation of wills, trusts, a living will, an advance medical directive and a durable power of attorney. They are knowledgeable about this aspect of the law and will be trusted advisors for you and your family.