Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. Since the estate tax laws were changed in recent years most families can now leave over $11 million estate tax free. So, most people feel there is no reason to do estate planning now.
Nothing could be further from the truth.
The purpose of estate planning is to make sure your assets:
- Go to the right people
- At the right time
- Under the right circumstances
A will simply can’t do those things.
A revocable or irrevocable trust is the proven way to accomplish those 3 things. Click on the link below to watch a video that will introduce you to the hidden power of trusts.