Conference Room Estate Planning
Trust & Wills

Declaration for
Mental Health Treatment

Basics of Estate Planning
Living Will and
Durable Power of Attorney
for Health Care

Registration of Living Will and
Durable Power of Attorney for Health Care

General Power of Attorney

Estate Tax Considerations





Estate Planning Definitions


Estate Planning

Purpose of Estate Planning

Estate planning is a process that considers

  (a) your health and care during life if you become incapacitated,

  (b) the control and management of your assets during life for convenience and in the event of incapacity,

  (c) distributions to children or heirs who are minors or disabled,

  (d) estate and income tax planning,

  (e) charitable desires, and

  (f) directions to distribute your assets to those you intend to benefit and in a manner or with restrictions you desire.

Successful planning accomplishes distribution of your assets in an efficient manner, pursuant to your directions and with the least tax consequences possible. Estate planning is not stagnant and must be regularly updated and modified as your personal situation or tax laws change. The earlier you begin planning, the more wealth that can be transferred over time in tax-efficient ways.

Estate planning is not dependent upon the size of your assets -- every adult person should have even a basic estate plan in place. Now is the best time to start. We are available to help you build a future for your heirs today.

Competency - A word to the wise

A lawyer is ethically charged with providing competent representation to a client. Ethics rules provide that competent representation requires the legal knowledge, skill, thoroughness, and preparation reasonably necessary for the representation.

Estate Planning requires a working knowledge of several areas of the law including:

  • Wills
  • Trusts
  • Taxation
  • Probate
  • Intestate succession
  • Legal issues surrounding real and personal property and transfer of the same
  • Fraudulent transfer of assets
  • Asset protection
  • General business law
  • Contracts

Estate Planning is important, no matter the value or nature of your assets. The estate planning process allows you, while living, to ensure that your property will go to the people you want, in the way you want, and when you want. Estate planning takes into account wills, taxes, (both income, estate and gift) insurance, property, health care, and trusts to gain maximum benefit of all laws and, at the same time, carry out the person's wishes.

Without planning, the intestacy laws of your state of residence will direct how your assets are distributed.

Basics of Estate Planning

The following are common documents, techniques or considerations reviewed in the estate planning process:

Attorney Sandra L. Clapp works individually with each client along with her staff to prepare the estate planning documents to meet each client's unique needs. We are committed to providing quality legal services along with vital advocacy of our client's interests.

  Updated 01/07/13

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Basics of Estate Planning - common documents, techniques or considerations reviewed in the estate planning process by Sandra L. Clapp & Associates, P.A.

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Note: This document is provided for informational purposes only. While every effort has been made to ensure its accuracy, it should not be relied upon as legal advice in individual situations. Please consult your legal advisor for personalized information.

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