We will review your estate planning needs and goals with you. If you do not have a Will, we can draft your Last Will & Testament as the initial building block of your estate plan. We can work with your trusted financial advisors. We can help arrange introductions with professionals in the financial, accounting and insurance industries if you so desire. We have long-standing relationships with many professionals in Central Pennsylvania. We will take the time to get to know your unique situation and to help craft an estate plan which meets your needs.
What is included in an estate plan?
Most people equate estate planning with a Will. While a Will is an important part of an estate plan, a complete estate plan includes more than a simple Will. A complete estate plan may include:
- Last Will and Testament
- Power of Attorney
- Advanced Medical Directive
- Living Will
There are many types of testamentary trusts (which activate at your death and are a part of your Will) and intervivos trusts (created independent of your Will prior to your passing, which may or may not be a part of your taxable estate.) These documents, and all the tools within your estate plan, should work together with the rest of your financial plan to form a comprehensive whole.
If your estate is small or if it is federally taxable you need a simple Will or a complex estate plan, we can help identify and meet your specific needs. Whether your estate is small or federally taxable, we can work with you to find the best combination of estate planning documents and vehicles. We will listen to your concerns and desires and then craft a plan that suits your unique needs. Estate planning is clearly not a “one-size-fits-all” proposition.
Charitable bequests, irrevocable life insurance trusts, charitable remainder annuity or uni trusts, special needs trusts – estate planning is filled with words and monikers that most of us rarely use in our everyday life. We will help you decide what is best for you.
Further information and details on estate planning include: Wills, Power of Attorney, Living Will and Advanced Medical Directives, Trusts A Brief Overview, Is a Trust for Me?, Trusts Explained Further & Types of Trusts, Gifting, & Long-Term Care.