Estates under $650,000 will avoid Federal estate taxes. The most important factors in this situation are to make clear your intentions for your affairs and property.

Common tools for this include:

• Durable Power of Attorney - Allows an individual you designate to act on your behalf in a number of business, financial and personal capacities should you become incapacitated.
• Health Care Power of Attorney - Allows you to appoint an individual to act on your behalf in making medical decisions for you, should you be unable to do so yourself.
• Simple Will - Dictates you wishes for the disposition of your property after your death. If you die without a will, the court system will distribute your property as it deems appropriate. The estate bears the expense of this administration which will reduce the amounts available to your heirs and may require a great deal of time to resolve.
• Simple Will With Trust For Minor Children - See Simple Will above. This adds specific protection and management of funds to benefit your minor children until they are of legal age to take responsibility for themselves.

Please feel free to phone us at (888) 575-5445 or e-mail info@wwkinc.com. We would be happy to discuss your needs and how we may be able to assist you.