Kristin Vana
October 21, 2022

Maximizing Your Legacy: Tailoring an Estate Plan to Meet Your Unique Needs

Estate planning is often equated with the singular goal of avoiding probate. However, a well-designed estate plan achieves far more, aligning closely with your personal objectives and ensuring your legacy is preserved exactly as you envision.

Accomplishing Goals of Your Plan

Avoiding Probate

When we talk about estate planning, we usually talk about avoiding probate. That is the number one goal that is universal for everyone. We want you to avoid probate and make sure that your assets go the way that you want them to, not the way that the descent and distribution statute says that they should.

Qualifying for Medicaid

We can craft an estate plan to set you up to qualify should you need that care.

Heirs Receive Stepped Up Basis

Also, a goal may be to make sure that your heirs get a stepped up basis on your assets. This means that they would not be getting the 1970s value from when you bought the item but they will get the value of the item when you pass away. This way, when they sell it, it’s not as big of a capital gains tax. These are all reasons why we will work hard to craft an estate plan that are specific to you and your goals.