PLANNING FOR THE PEOPLE AND PROPERTY THAT MATTER
Estate planning involves more than deciding who will receive your property. A carefully developed plan can provide direction during incapacity, protect minor or vulnerable beneficiaries, reduce uncertainty for loved ones, and establish an orderly process for managing and transferring assets.
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Dobson Tax Law works with individuals, families, professionals, and business owners to create estate plans based on their relationships, assets, concerns, and long-term objectives. Each plan is designed to provide practical protection while preserving the client’s intentions and legacy.
ESTATE & LEGACY PLANNING MAY INCLUDE
• Last Wills and Testaments
• Revocable Living Trusts
• Testamentary Trusts
• Irrevocable Life Insurance Trusts ("ILIT")
• Trusts for minor or vulnerable beneficiaries
• Durable financial powers of attorney
• Advance healthcare directives
• Guardianship nominations for minor children
• Incapacity planning
• Probate-avoidance planning
• Asset-ownership and titling considerations
• Beneficiary-designation coordination
• Business-succession considerations
• Estate and gift-tax considerations
• Reviews and updates of existing estate plans
• Coordination with financial advisors, accountants, and other professionals
WHEN TO CREATE OR REVIEW YOUR ESTATE PLAN
Consider creating or updating your estate plan if you:
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• Do not currently have an estate plan
• Have married, divorced, or experienced another significant family change
• Have welcomed a child or grandchild
• Need to nominate guardians for minor children
• Own a business or professional practice
• Have acquired or sold significant assets
• Have moved to another state
• Want to provide for a beneficiary with special circumstances
• Are concerned about incapacity or long-term decision-making
• Need to update fiduciaries or beneficiary designations
• Have an estate plan that no longer reflects your wishes
Estate plans should be reviewed periodically and after significant personal, financial, or legal changes. Outdated documents and beneficiary designations may produce results that no longer reflect your intentions.
THE FIRM'S APPROACH
THOUGHTFUL PLANNING FOR LIFE AND LEGACY
Dobson Tax Law begins by learning about the client’s family, assets, responsibilities, concerns, and long-term objectives. The Firm then develops a coordinated plan designed to address asset management, incapacity, beneficiary protection, and the eventual transfer of property.
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The planning process includes explaining the purpose of each document, helping the client make informed fiduciary and beneficiary decisions, and providing guidance regarding proper execution and implementation. When appropriate, the Firm coordinates with financial advisors, accountants, insurance professionals, and other advisors so that the estate plan works with the client’s broader financial arrangements.