Richard Q. Huynh
Trusts & Estates Attorney
Preserving Your Legacy
Give yourself the peace of mind that comes with greater control, privacy, and security of your legacy.
“What is estate planning and do I really need it? What happens if I don’t have an estate plan?”
Do you have a family or loved ones you wish to be taken care of? Do you own a home or other assets? Do you wish to protect your loved ones or your assets from crippling costs such as unnecessary court and attorney’s fees or burdensome federal, state and local taxes? If you answered “yes” to any of these questions, it is imperative that you actively engage in estate planning. Regardless of your income, estate planning is a vital part of your financial plan.
Estate planning is the process of planning for incapacity and death. It provides many financial benefits, such as minimizing taxes and avoiding a costly and public probate proceeding. It also provides non-financial benefits, such as the peace of mind that your assets will be preserved for your loved ones in a manner consistent with your values.
If you pass away without an estate plan, your family will pay probate fees which are often substantially greater than the cost of a basic estate plan. Failure to plan for your estate can have serious tax implications during your lifetime and after you pass.
Schedule a free consultation with Richard to discuss your estate plan and to come away with the confidence that your assets will be preserved for your loved ones and that you will be cared for if you become unable to care for yourself.