What is Estate Planning

 A will provides for the distribution of certain property owned by you at the time of your death, and generally you may dispose of such property in any manner you choose.  Your right to dispose of property as you choose, however, may be subject to forced heirship laws of most states that prevent you from disinheriting a spouse and, in some cases, children.

 Trusts are legal arrangements that can provide incredible flexibility for the ownership of certain assets, thereby enabling you and your heirs to achieve a number of significant personal goals that cannot be achieved otherwise. The term trust describes the holding of property by a trustee, which may be one or more persons or a corporate trust company or bank.

Wills play an important role in estate planning, but they cannot handle every piece of property and every situation. 

• Avoid Probate
• Avoid Estate Tax
• Provide Privacy
• No Asset Protection
• Transfer Certain Classes of Property (Property that is owned as joint tenancy, life insurance policies, retirement accounts, transfer on death accounts).

Trusts play an important role in estate planning, and can cover a multitude of situations. You can not set a trust up to. 

• Indulge In Illegal Activity
• Evade The Law
• Help You Qualify For Medicaid