TAX & ESTATE PLANNING
It’s never too early to start planning for your financial future.
Regardless of your age, financial situation or marital status, an estate plan is a good idea — for you and your loved ones.
Paired with an asset protection plan, a thoughtfully prepared and well-crafted estate plan is the linchpin of a comprehensive strategy. Its main purpose is to ensure that the client’s estate passes to the right person, at the right time, in the right way – in a way that minimizes taxes.
Recognizing that each client’s situation is unique, we prepare all estate planning documents accordingly. Our firm has significant experience in planning for second marriages and blended families, tax planning, and elder law issues as they relate to estate planning.
An estate plan typically includes the following documents:
Wills or Will substitutes (sometimes called Revocable Living Trusts)
Trusts to own life insurance policies or other property
Durable Powers of Attorney for Financial Affairs
Advance Directives for Health Care
Advance planning may also include the following trusts, as well as a variety of other transfer strategies and options to help clients achieve their goals:
Irrevocable Life Insurance Trusts
Grantor Retained Annuity Trusts
Qualified Personal Residence Trusts
Intentional Defective Grantor Trusts
Special Needs Trusts
Other key estate planning considerations have to do with business assets, business succession, creative real estate strategies and other techniques based on the nature of the assets and the situation.
Take charge of your family's financial future
with a comprehensive estate plan.
Call Kimbrough Law today to schedule your consultation. 706.850.6910