Estate planning ensures that your assets pass in accordance with your wishes. It allows you to be the person in charge of the plan and makes it so much easier for your family members. You decide who gets your assets and who should be the executor of your estate.
An estate plan usually consists of a Last Will and Testament and advance directives.
If you want privacy, own an out-of-state property, or hope to avoid probate
you may consider a living trust. If your estate is large, you may need a family limited partnership or gifting plan to benefit from the annual gift tax exclusion.
An estate planning attorney can help you decide what is best for you and your family. He or she will discuss matters that you may not have even considered such as planning for a child with disabilities, non-probate assets, declaration of guardians and disposition of remains.