ESTATE PLANNING

As many as two-thirds of American adults do not have an estate plan. At a minimum an adult should have a Will that distributes property and names guardians for any children. Anyone with substantial assets (real property, business interests, investments, etc.) should consider using a Trust. Managing assets in a Trust minimizes taxation and eliminates the delays and fees associated with a probate administration. Most importantly, a trust can be used to ensure that your loved ones are cared for long after you have passed on, and/or that your charitable wishes are fulfilled. Estate planning encompasses so much more than Wills and Trusts. A Durable Power of Attorney for Financial Decisions (to appoint an agent to handle financial affairs in the event of your incapacity) and an Advance Health Care Directive (to make your healthcare desires known and appoint an agent to make medical decisions on your behalf if you are unable) are included in every estate planning package. The Law Offices of Kyle M. Johnston will prepare the documents necessary to properly fund your Trust. Documents may include assignments, community property agreements, deeds to real property and promissory notes.