An estate plan is an arrangement for the use, conservation and
transfer of an individual's wealth. Estate planning involves
much more than merely the preparation of a will. A well thought
out estate plan concerns itself with the creation of an estate
where none would otherwise exist, the increase of an existing
estate to meet the needs of the owner and his or her family,
and the preservation and protection of the estate from unnecessary
taxes and costs.
A good estate plan should provide for the best utilization of
assets during the owner's lifetime and should anticipate
for such lifetime needs as funds for children's education,
income for retirement, replacement income in the event of disability
and management of the estate in the event of incapacity. A good
estate plan must provide for the disposition of assets on death
in such a way that the estate being passed on is maximized and
is left in accordance with the wishes of the decedent and the
needs of the family.
Estate planning requires a team approach that normally involves
an individual's accountant, attorney and other financial
advisors. DR brings a thorough understanding of the laws, many
years of estate planning knowledge and an awareness of our clients' needs
to this very important team effort.