Regardless of the size or complexity of their estate, everyone needs an estate plan in order to accomplish their individual goals. There are estate-planning concerns that every individual faces, including:
- Providing for appropriate asset management and medical concerns in case of incapacity;
- Avoiding probate and court entanglements during incapacity and at death;
- Minimizing or avoiding the cost and expense associated with estate administration; and
- Ensuring that the right people get the right property, at the right time.
The implementation of an estate plan design requires the creation and execution of various basic planning documents.