Estate planning protects the assets you’ve worked so hard to build. It is one of the most important decisions you can make for yourself and your family. Estate planning is the concept of using various legal documents to make sure that your wishes, rather than someone else’s wishes, are carried out should you pass away or become incapacitated.
Estate planning often involves a discussion of the following subjects:
In most cases, unless you pass away with an estate valued at more than $11.2 million (for 2018), it is unlikely that your estate will owe federal estate taxes. In certain situations, married couples can transfer up to $22.4 million tax-free.
If you need assistance with any aspect of estate planning, contact the Law Office of Byron K. Hammond, LLC for a complimentary consultation.