Estate planning is not a process that should be procrastinated. You never know what will happen in life, and it is vital that you don’t put these processes off until it is too late. Planning far in advance will ensure the best possible process for the future of your estate. Though trusts, wills, and other aspects are incredibly important, there is no “one-size-fits-all” when it comes to estate planning. Thus, advanced estate planning is necessary to ensure that you can provide the best strategy for the future of your property and your family.
Some common advanced estate planning techniques include the use of:
- Asset Protection Trusts
- Life Insurance Trusts
- Stand-Alone Retirement Trusts
- Dynasty Trusts
- Qualified Personal Residence Trusts (QPRT)
- Grantor Retained Annuity Trusts (GRATS)