Clarity Where It Counts
What is Estate Planning?
Estate planning is the process of anticipating and arranging for the disposal of an estate. The goal is to minimize uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. It’s about legally protecting what you have while you’re alive and making sure that what you have gets to the people you want (at the right time and in the right way) after you’re gone. Whether you are worth $10,000 or $10 million, you should have an estate plan.
Estate planning includes a wide variety of services, including:
Preparing wills, trusts, advance medical directives, living wills, and durable powers of attorney.
Preparing HIPAA medical information releases.
Preparing for the transition of wealth after death, minimizing the impact of estate taxes, and protecting estates from creditors and the creditors of the deceased's children.
Avoiding expenses that deplete the value of the estate passed on to heirs.
Insuring that property goes to the right heirs and inheritances are protected in the event that heirs get divorced.
Developing traditional and charitable gifting strategies.
Planning for life insurance payments, including irrevocable life insurance trusts.
Planning for marital deductions and exclusions.
Attorney Rachel Truhlsen will develop a plan that will allow you to control the handling and distribution of your assets throughout your life and after death, reduce or eliminate taxes, avoid probate, and protect the assets of loved ones who have special needs or who may face the costs of nursing home care or assisted living facilities.
Get Started On Your Estate Plan
To learn more how about how an estate plan can benefit you and your family, schedule your confidential consultation with Truhlsen Elder Care Law of Nebraska today. Call 402.426.8877 or email us.