{"id":1025,"date":"2010-08-02T18:51:18","date_gmt":"2010-08-03T01:51:18","guid":{"rendered":"https:\/\/maysfinancial.local\/"},"modified":"2017-02-26T02:02:02","modified_gmt":"2017-02-26T02:02:02","slug":"estate-planning-objectives","status":"publish","type":"post","link":"https:\/\/maysfinancial.local\/articles\/estate-planning-objectives\/","title":{"rendered":"What are the Objectives of Estate Planning"},"content":{"rendered":"<p>We&#8217;ve discussed the <a href=\"https:\/\/maysfinancial.local\/estate-planning\/estate-planning-importance\/\">importance of a solid estate plan<\/a> and <a href=\"https:\/\/maysfinancial.local\/estate-planning\/estate-planning-introduction\/\">how estate planning can help you<\/a> in other articles, but there is more to it. <strong>A comprehensive estate plan will do more than just make things easier for the family when an individual passes and maximize the assets that are passed on.<\/strong> A comprehensive estate plan will provide:<\/p>\n<h5><strong>Asset Protection<\/strong><\/h5>\n<p><strong>Provide protection to the individual and family.<\/strong> This protection extends to business interests, real assets and joint ownerships. Additionally, <strong>provisions such as a durable power of attorney or a durable power of attorney for health care will ensure that the individual&#8217;s needs and desires are still met in case of incapacitation.<\/strong><\/p>\n<h5><strong>Balance<\/strong><\/h5>\n<p><strong>Help plan for a balance between use of assets during lifetime and ensuring enough is left to take care of the family<\/strong> when the individual passes.<\/p>\n<h5><strong>Asset Distribution<\/strong><\/h5>\n<p><strong>Establish guidance for efficient and structured distribution of assets<\/strong> while both minimizing taxes and ensuring specific assets reach the desired individuals and entities.<\/p>\n<h5><strong>Secure the Family&#8217;s Future<\/strong><\/h5>\n<p><strong>Secure the future of the family by arranging for the assistance of trusted professionals to help in the wise and effective management of financial assets if necessary.<\/strong> This will ensure the future financial security of the family. This is especially important in relationships when the surviving spouse may not be knowledgeable in the management of finances or experiences excessive anxiety with the newly acquired responsibility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;ve discussed the importance of a solid estate plan and how estate planning can help you in other articles, but there is more to it. A comprehensive estate plan will do more than just make things easier for the family when an individual passes and maximize the assets that are passed on. A comprehensive estate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[2,5],"tags":[63,80,90,109,126,134,139,167,178],"_links":{"self":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts\/1025"}],"collection":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/comments?post=1025"}],"version-history":[{"count":0,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts\/1025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/media?parent=1025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/categories?post=1025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/tags?post=1025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}