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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 involves using various legal documents to ensure that your wishes are appropriately carried out and respected 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 $11.58 million (for 2021), it is unlikely that your estate will owe federal estate taxes. In certain situations, married couples can transfer up to $23.16 million (for 2021) 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.