Overview of Estate Planning

Estate planning provides tools for conserving and distributing your assets in a coherent and tax-efficient manner. A complete plan allows you to control your property while you are alive, take care of yourself and your loved ones if you become incapacitated, and distribute your possessions to whom you want, when you want. In addition, estate planning allows you to save every tax dollar, professional fee and court cost legally possible.

The primary goals of estate planning are to: (1) prepare for incapacity so that assets are properly managed during a period of crisis; and (2) assure the transfer of your property to your beneficiaries at the smallest possible financial and emotional cost after your death. A properly planned estate produces positive results and reduces family conflict and hardship.

Most estate plans include basic incapacity planning documents (Advance Directive, HIPAA Release and Power of Attorney for Finances) and a Will- or Trust-based plan for distributing your assets after your death. Additionally, there are several ancillary documents to take care of tangible personal property, make memorial instructions and address other important matters.

Wealthy clients often engage in advanced planning to reduce taxes, safeguard specific assets, and provide needed liquidity if estate taxes are a concern. If you need advanced estate planning to reduce taxes or protect specific assets, Adam Bartsch can work through the options and assist you develop a plan that meets your unique needs.

Call 802-985-8811
for a complimentary initial consultation
and review of your existing estate plan.

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181 Falls Road, Shelburne, VT 05482
| Phone: 802-985-8811

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