Ainer & Fraker, LLP: Estate Planning You Can LIVE With

Estate Planning
Living Trust
Last Will and Testament
Advanced Health Care Directives
Advanced Estate Tax Planning
How a Living Trust Works
Tax Planning Benefits of an Estate Plan
Choosing Guardians for Your Minor Children
Life Insurance and other Products used in Estate Planning
Business Owners
Tax Planning
Asset Protection
New Businesses - How to Choose the Right Entity for Your Business
*The Li

mited Liability Company
*Partnerships
*Corporations
Introduction to Charitable Giving
Probate
*When a decedent dies with a valid will, but without a Living Trust, their estate is
subject to Probate.
*Probate translated literally means “to prove the will.
*Disadvantages of Probate

The Probate System has a number of Disadvantages, why Avoid Probate? Some of the Disadvantages we examine include:
1.The extremely High Cost of Probate
2.The public nature of the proceedings
3.The length of time involved in Probating an Estate
4.The bureaucratic, Court-driven nature of the Probate process
5.The requirement for Minor Children to be put on a Family Allowance

Conclusion

Through careful planning of your Estate, which may include a properly-funded Living Trust, you may be able to spare your family members and loved ones from having to slog through the Probate process for months on end. In every Estate that we have worked on, the primary concern of the beneficiaries is that the whole estate administration process is wrapped up as quickly and efficiently as possible – while minimizing costs and taxes. Proper Estate Planning can help you and your family achieve these objectives. Please Contact Our Firm to discuss how we may serve your family’s needs.