Estate Planning

Estate Planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Guardians are often designated for minor children and beneficiaries in incapacity.

Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney.

RMR Wealth Management will work in conjunction with Trust and Estate attorney to help build the foundation for any client’s financial plan. RMR has numerous independent law firms that specialize in estate planning for the client to choose if the client does not have an existing relationship. If the client already has an existing relationship, RMR Wealth Management can work together with the attorneys to craft a structure that achieves the goals and objectives of the client.

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