
Mr. Boeykens, over the past several years, has been instrumental, in conjunction with attorneys, has prepared over 300 estates. At the present time, it is a distinct advantage to gift items because of the applicable exclusion amount. To gift items directly is normally a mistake. To gift indirectly is proper. This is done by using the best of many legal entities. As a minimum.......revokable living trusts, durable power of attorney, appointment of health care representative, revocable assignment agreement, last will and testament, and living will declarations are prepared in an estate. Family limited partnerships are frequently used to take advantage of gifting to children, etc and to have assests protected. All of this is completed with utmost care, so that an estate can be processed without going to probate, and succession plans can be completed when there is no urgency. Plans can be made so that extended care facilities are utilized with no major impact on the estate. |
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