FINAL THOUGHTS
Although an estate plan can be as simple as a set of handwritten instructions, there are many situations where legal guidance is considered vital. An experienced attorney, familiar with local law, can prepare the legal documents required to meet the needs of your individual situation. If your estate is large enough to be subject to estate tax, your attorney can suggest ways to lighten the tax burden. Planning may be needed to minimize potential conflicts between your heirs or beneficiaries. Such disputes can occur when siblings do not get along or there are children from more than one marriage. If you own property in more than one state or country, there may be a need for an ancillary probate. Living trusts are often used to transfer these assets and avoid the additional probate. In addition to your attorney, your estate planning “team” will likely include experts from other disciplines such as income tax, life insurance, trust administration, charitable giving, and investment management. The professional guidance provided by such advisors is a key part of creating and implementing a successful estate plan.
YOUR ATTORNEY CAN SUGGEST WAYS TO LIGHTEN THE TAX BURDEN.
Bradley Barth is a partner and Supervising Attorney of the firm’s Transactional and Estate Planning Department encompassing business formations and transactional matters, estate planning, domestic and offshore asset protection, probate, trust administration, tax and real estate law. He views his role as a trusted and long-term advocate of asset protection planning in helping his clients achieve and protect their financial goals and lifetime accomplishments. BRADLEY BARTH, ESQ. Partner BarthCalderon, LLP (714) 704-4828 ext. 114 For a complimentary planning assessment contact paul@barthattorneys.com
PAGE 104
Powered by FlippingBook