Estate Planning: Charitable Giving or Gifts to your Children

Estate Planning is important if you have any assets to leave to your children or loved ones because it ensures that your wishes are respected, it minimizes complications, and it provides peace of mind for your children.

1. An estate plan allows you to specify how your assets - a lot or a little - will be distributed to your children.

2. It avoids Probate which can be a lengthy, public, and costly process.

3. It minimizes or eliminates estate taxes, so that you can leave more to your children.

4. Having an estate plans ensures control over medical and financial decisions

5. It protects against family disputes, allows for personalized asset distribution, and most importantly it provides peace of mind to you and your spouse.