Estate Planning

Estate planning is a process to organize your assets before you die. It is a written plan of your will and trust funds. Usually, the wealthy people had a private lawyer with them to put this all in documents. Sometimes, the problem will arise during the transfer of the assets.

 It is because the estate was not plan. In fact, there is an infamous case related to this problem. And, it was broadcast by the media, after a widespread of litigation and media coverage. All estate-planning attorneys are advising their clients to create a living will, to avoid that this may happy again. 

However, trust funds and estate will are good way to start in taking the inventory of your assets. It will prevent disputes or confusion between blended families and steps siblings. It will also help you to increase the value of your asset by applying for the tax exemption. 


Apparently, this application will be granted only if you set up a charitable remainder trust and personal residence trust. In this case, the children will receive the asset without estate tax, although the amount that the heir will receive will change regularly. 

On the other hand, it will address to your future needs if you are not capable to take care for yourself. This is a plan for all of your assets and doing all these ahead of time may prevent you from cramming. There are different options in planning your estates. 


The most common is the estate will, trust funds, revocable living trust, remainder trust and mediation is the last option. Mediation is alternative full set litigation to settle disputes. Family members are held together to discuss the plans on transfer assets. In this way, the conflict may reduce because people are involve will have an agreement. However, the estate lawyer will document this agreement.