TRUST & ESTATE PLANNING

Have you planned for the future?

An individual’s estate plan may address several different concerns or objectives of an individual. The overall focus for most is implementing a plan that will transfer assets to an individual’s beneficiary(s) in the manner that the person wished or intended. An estate plan should entail the creation and execution of several documents, such as a last will and testament. However, the focus at Anidjar Law is on the creation of a plan that allows for the most flexibility for changes while still addressing the individual’s concerns and objectives.

The transfer of assets upon a person’s death is not always controlled by a last will and testament. There are assets that are commonly referred to in the legal industry as non-probate assets. The most frequent non-probate assets people encounter are a bank account with a pay-on-death (POD) or transfer-on-death (TOD) beneficiary(s) designation, a retirement plan, a life insurance policy, or a funded trust agreement. The existence and lack of knowledge of non-probate assets is just one of several issues that could lead to unintended consequences. For this reason, a proper estate plan that utilizes any and all tools under the law to create a plan that allows for a person to limit the possibility of any accidental or unplanned outcomes while maintaining flexibility to change a plan as life events, objectives, or concerns change.

The modern family today cannot be categorized anymore. Every person has a different set of circumstances when it comes to the person’s family dynamic or financial circumstances and intentions. For this reason, Anidjar Law focuses on the client’s intentions and concerns when preparing or updating a client’s estate plan. If you have more questions or concerns regarding your estate plan needs contact Anidjar Law to schedule a consultation.