Check out what's new at Johnson Flodman Guenzel & Widger
In June, 2011, Johnson Flodman Guenzel & Widger unveiled a new website. Please be patient with us while we work out the kinks, and let us know if you have any comments or questions.
A. ESTATE PLANNING PRIMER What is estate planning? Estate planning is, very simply, the plan one has to pass what he or she owns to others upon his or her death. People can create their estate plans with various tools, including wills, trusts, some form of ownership of assets so the asset passes to designated persons upon the primary owner’s death, and beneficiary designations in contracts such as insurance policies or retirement accounts. Others who create no such plans directly actually have an estate plan, but because of choice or inaction, their estates will pass as provided by state law. Objectives. Estate planning can have a number of objectives. Perhaps foremost, almost every client involved in estate planning wants to make sure that the client’s property passes to those the client has chosen. Most also want to eliminate or minimize the various costs involved, from estate and inheritance taxes to…
