Estate and Trust

Estate Planning Seminar

During a one-hour Zoom seminar on April 1, 2023, Attorney Lei Jiang provided attendees with valuable insights on estate planning, including wills, trusts, and other related topics. She shared her expertise and experience, discussing the various options and strategies for creating an effective estate plan.

Attorney Jiang also answered questions from attendees, providing clarity and guidance on a variety of issues related to estate planning. The seminar was well-received by the participants, who appreciated the opportunity to learn from an experienced legal professional.

Overall, the seminar was a great success, providing 55 attendees with a better understanding of the estate planning process and the benefits it can offer. The event was an excellent opportunity for those looking to create or update their estate plan to preserve and allocate their assets.

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Estate and Trust News

Estate Planning – Why it is important

Estate planning is the process of arranging or managing one’s assets and affairs in the event of their death or incapacitation. It involves creating a plan for the distribution of assets, the payment of debts and taxes, and the appointment of someone to manage one’s affairs if they are no longer able to do so themselves. It is important because,

Control: Estate planning allows individuals to maintain control over how their assets are distributed. Without a plan in place, state law will determine how assets are distributed, which may not align with the individual’s wishes.

Family: Estate planning can help minimize family disputes and ensure that loved ones are taken care of after the individual’s death. This can include providing for minor children, elderly relatives, or individuals with special needs.

Taxes: Estate planning can help minimize estate taxes and maximize the amount of assets that pass on to beneficiaries. Proper planning can also help avoid probate, which can be a time-consuming and expensive process.

Business: Estate planning can be especially important for business owners, as it can ensure that the business continues to operate smoothly after the owner’s death or incapacitation.

Peace of Mind: Having a comprehensive estate plan in place can provide peace of mind, knowing that one’s assets and affairs are in order and that loved ones will be taken care of.

Consult us for creating a good plan.

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