Estate Planning

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.