Estate planning works very much like other forms of financial planning. It involves the preparation of a comprehensive, coordinated plan that ties together all the various aspects of your financial situation. It involves a complete inventory of your assets. This includes not only your physical property, but also need to consider your insurance policies, your retirement funds, annuities, and any other source of income. The plan includes the selection of beneficiaries. The beneficiaries are the people that will receive your assets after your death.

Estate planning is also a taxation issue. The tax implications of estates can be complex and in some cases can have devastating impacts on the people that you leave behind. Instead of providing for them, poor tax planning can put additional burdens on them after you are gone. Estate planning requires a lot of knowledge of issues that are sometimes confusing. Insurance professionals and financial planners can help you navigate through the murky waters of Estate planning. It is true that you can not take it with you, but you should have the final say about where it does go.

The attorneys at Smith & Williams understand that estate planning can be emotionally challenging and legally complex, and we also know that too many people put it off until it is too late. We strive to make estate planning easier and more accessible to clients throughout Orlando and the Central Florida area by educating you on the different components of an estate plan, walking you through the necessary steps to put them in place, and bringing our services to you at a time and place that fits into your daily life.

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