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The fundamentals of Estate Planning: How to protect your family’s future

One of the best ways to help assure that your assets will be managed for your family as you intend is to develop a comprehensive estate plan designed to meet your individual needs. The estate planning process typically involves working with your financial, tax and legal advisors to develop a customized estate plan. Many estate plans include the following: Last Wills and Testaments Durable Financial Powers of Attorney Advance Medical Directives Revocable and/or Irrevocable Trusts Insurance Trusts Charitable Remainder Trusts Minor's Trusts - Spendthrift Trusts By-Pass or Credit Shelter Trusts Marital Trusts (QTIP) Grantor Retained Annuity Trusts or Grantor Retained Uni-Trusts ...

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