BUFFALO, N.Y. (WKBW) - A Will Is Not Enough to Ensure Your Wishes Are Carried Out.
Estate planning is important to ensure that your heirs receive the inheritance you intend for them, to minimize taxes on assets, and to ensure that your wishes are carried out after your death. Many people mistakenly believe that having a basic Last Will and Testament is all that is necessary to achieve these objectives. Proper estate planning encompasses much more.
Effective estate planning includes reviewing all of your assets to determine what you have and how ownership is structured for each, deciding what you would like to have happen to those assets in the event of your death, and then executing the proper legal documents so that assets transfer as you wish. We ensure that your intentions with respect to any beneficiaries you have designated on assets such as retirement plans or insurance policies are coordinated with your financial advisor and/or accountant to ensure all facets of your financial situation are included in the plan.