At Champagne Law Firm Estate Planning is near and dear to our hearts. Founding Attorney, Kelly Champagne-Deutekom is a seasoned expert in this field. With years of experience as a financial advisor and attorney, Kelly has worked closely with families and businesses seeking asset protection and wealth preservation. As an attorney, she provides guidance that is crucial to crafting an estate plan to fit the needs of her clients.
Estate Planning Design
Estate planning is a comprehensive legal process that involves the arrangement, management, and distribution of an individual’s assets and wealth during their lifetime and after their death. The design of an individual’s plan varies greatly based on several factors, although primary goals of estate planning are to ensure that the individual’s financial and personal wishes are honored, to minimize potential tax liabilities, and to facilitate the efficient transfer of assets to beneficiaries.
Estate Planning Essentials
Estate plans can be fundamental in nature or incredibly complex depending on the needs of the client. The majority of common documents associated with estate planning include: Wills, Trusts, Power of Attorney, Healthcare Directives, Beneficiary Designations, Living Wills, Guardianship Designations, Gift and Tax Planning along with documents designed to address Business Succession Planning for those owning a business.
Estate Planning Mistakes
It is a mistake to believe estate planning is only for the wealthy. It is also a mistake to believe one does not need to plan until they retire. Individuals of varying financial means can benefit from having a well-thought-out plan. Consulting with legal and financial professionals is often recommended to ensure that the estate plan aligns with the individual’s goals, is legally sound, and takes advantage of available tax planning opportunities.