Estate & Tax Planning:

By planning for tomorrow today, you can retain more of your assets, protect your estate and leave a lasting legacy for your family.  A common misconception is that only the wealthy need concern themselves with estate planning.  This misconception can result in significant unnecessary costs to the estate and additional burdens for survivors.  In fact, just about everyone can benefit from the development of an estate plan.  Young or old, wealthy or middle class, an estate plan can reduce the taxes and expenses of an estate, simplify and speed the transition of assets to the next generation and ensure that beneficiaries are protected.

When most people hear the term estate planning, they typically think of their Will.  While a valid Will is a fundamental component of any estate plan there are several other elements that must be considered.

Given the wide range of objectives you may wish to achieve, proper estate planning requires careful consideration of many factors.  Often, in an effort to minimize income taxes or avoid probate taxes, another objective is thwarted.  For this reason it is important to weigh and balance the costs and benefits of different courses of action.  Ultimately, the issues addressed in the will are a reflection of all elements of the estate plan.

Please contact the William Vastis Wealth Management Group to assist you with setting up your estate plan

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