Estate planning can be complicated and there are many options to consider. Combs Law Group can meet with you to discuss your needs and answer the questions that you may have.
Understanding the Estate Planning Process
Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Guardians are often designated for minor children and beneficiaries in incapacity.
Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney.
Basic Documents
- Will
- Durable Financial Power of Attorney
- Living Will
- Health Care Power of Attorney
- Revocable Living Trust
- Beneficiary Deed
