DMLO CPAs is now offering a complimentary online Estate Guide – a valuable resource for individuals who are interested in learning more about estate planning or have questions about how the process works. With the lifetime exemption rising from $600,000 in the 1990s to over $5,000,000 today, estate planning has evolved into more than simply seeking to minimize estate taxes. The guide will help you learn the basics of estate planning, from how a will is drafted, to the importance of selecting a guardian for minor children, to the planning steps for dealing with incapacity, including designating a power of attorney and completing a living will. Estate taxes, lifetime giving, charitable giving and life insurance are a few of the areas explored in the guide.
Estate planning is a complicated endeavor and should be tailored specifically for you in order to ensure your wishes are carried out and your loved ones are taken care of when you are no longer here. Standard estate plans do not fit every situation, with many individuals needing plans for second marriages, unmarried couples, noncitizen spouses, same-sex couples and grandparents with wealthy children. Our trust and estate experts can work with you and your attorney to develop an estate plan that meets your needs.