One common definition of estate planning is “the process of arranging a person’s property and estate, taking into account the laws of wills, taxes, insurance, property and trusts so as to gain the maximum benefit of all laws while carrying out the person’s own wishes for the disposition of his property upon his death.
At Kaiser Law Group, we prefer a simpler and more straightforward definition:
“I want to control my property while I’m alive, take care of me and my loved ones if I become disabled, and give what I have to whom I want the way I want when I want. And if I can, I want to save every last tax dollar, professional fee, and court cost possible.”
More Than Document Drafting
Quality estate planning entails far more than simple drafting of documents. It involves the careful planning of one’s estate, taking into account each client’s own assets, loved ones, personal wishes, desires, values and beliefs.
Careful thought must be given when selecting the person you wish to serve as your trustee after your death; or in nominating the appropriate legal guardian or guardians for your minor children.
Strategic planning may be necessary to reduce or eliminate your exposure to federal estate taxes, take advantage of opportunities to reduce future capital gains burdens and facilitate a smooth transition of a family business. Each family’s loved ones are in different stages of life with wildly different strengths and weaknesses. Some adult children are financially prudent and ready to handle significant sums of money. Others may need more ongoing protection because of their special needs or because they have not turned the corner towards financial wisdom.
Purposeful Estate Planning for the Millionaire Next Door®
A Customized Approach
At the Kaiser Law Group, during your initial consultation, we will sit down together and discuss you and your family’s needs, values and concerns. Then, we will work together with you and your other advisors to craft a personalized, comprehensive and working estate plan that is flexible enough to meet your family’s unique needs and strong enough to protect against unforeseen circumstances.
We understand that some individuals believe that they need to simply “buy a trust” or “get a will done.” In fact, many of our clients began this process with this misconception. However, we believe strongly in an individualized approach to Estate Planning that requires a relationship between the client and the estate planning firm over time. We honestly feel that it is the only true way of planning for life’s future uncertainties. After sitting down with us and discussing these issues at length, our clients come to share this belief.
The Bottom Line: Trust
Planning one’s estate is one of the most important tasks that a person will face in their lifetime.
The peace of mind that comes from knowing that the assets they have spent a lifetime acquiring are safely transferred, without conflict, into the hands of their family members and loved ones can not be over-stated.
If you are seeking an estate planning firm where the creation of your plan (or update to your plan) is less of a transaction and more of a part of a process to ensure that the plan actually works in the way it was intended when it needs to work, please contact Kaiser Law Group.