ESTATE PLANNING

Planning in advance can help your family avoid complications and delays in their ability to receive protection and the benefits they are entitled to upon your death. An estate plan gives you complete control over the distributions of your estate—property, investments, money, and other assets. More than just a will, a complete estate plan also plans for potential incapacity and other possible problems.

Professional and proper estate planning ensures that your beneficiaries will receive the property you designate to them. By planning ahead with an estate plan, you have the opportunity to avoid expenses that can deplete the value of the estate you pass on to your designated family members and heirs.

Everyone has unique circumstances, so everyone’s estate plan is different. Thankfully there are several ways to accomplish your estate planning goals no matter your situation; insurance, a variety of trusts, wills, and different forms of property ownership, are just a few of the many tools available.

Estate planning can seem daunting and scary if prepared without the help of an experienced estate planning attorney. A professional and experienced estate planning firm like Rice Law Group can help you complete some of the major estate planning tasks:

• Create a will.
• Create and update beneficiaries on investment plans such as life insurance, 401(k)s and IRAs.
• Make funeral arrangements.
• Reduce the taxable estate by establishing an annual gifting plan and other strategies.
• Set up power of attorney (POA) to manage and direct assets and investments.
• Create and set up trust accounts in the name/s of beneficiaries to limit estate taxes.
• Establish and name a guardian for living dependents.
• Work with and name an estate executor to oversee the terms of the will.