Collins Law Firm LLC (What is Estate Planning?)

 

Estate planning is the process of transferring your assets to your beneficiaries in the most efficient way possible. You set up durable financial powers of attorney and healthcare powers of attorney that allow your loved ones or friends to take care of you if you were to become incapacitated. There are four main documents used in estate planning. One is a will to our trust through your powers of attorney, like the durable financial power of attorney and the healthcare power of attorney. There are also transfer on death designations.

 

 

Collins Law Firm LLC (Why do I practice estate planning?)

 

The main reason I practice estate planning is because I understand how hard people work to earn the money they make during their lifetime. I also know how important it is for them to preserve those assets because they’ve worked so hard to do so. I feel it’s important that people have a chance to enjoy what the world has to offer. By working in estate planning I’m able to help families and businesses protect their assets and efficiently pass them on to their loved ones allowing them to enjoy their life and provide for their beneficiaries so they can enjoy it too.