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Wealth & Estate Transfer Planning

Wealth & Estate Transfer Planning

Our Process

lifetime-options-homeOur process at REAP, LLC. ensures that you and your family will develop a secure estate, financial, and income plan. This begins with a complete, NO OBLIGATION review of your current estate, financial, and income plan, which is paramount in recommending any alternative option that may be available to you. This process is our expertise, and can be completed in a timely manner.

The process of developing your estate plan is customized, tailored to your unique individual and family needs. It is also comprehensive, however; it does take time to fully implement. At REAP, it is important that you participate throughout this process, for you are the most integral part of this process.

Development of your estate plan is done in multiple stages, with attention to detail being a top priority. This process includes:

  1. Review Current Estate Plan
  2. Review Current Financial and Income Plan
  3. Gather Client Family Information
  4. Consultation and Review by Attorney
  5. Estate Plan Preparation
  6. Estate Plan Delivery and Implementation
  7. Filing of Deeds
  8. Coordination and Funding of Assets
  9. Income Planning
  10. Financial & Investment Advisory Services

Once this process has been completed, you and your family will possess a powerful, customized plan. It is tailored to meet your current estate planning needs, yet also is able to meet any needs that may arise in the future. For your no obligation review of your current estate, financial, and income plan, please call us at (386) 793-8981 or (352) 433-6565.

Thank You!

David H. Morgan
Registered Investment Advisor

The Five Most Important Estate Planning Documents

1. Revocable Living Trust Agreement

This document is designed to eliminate probate at your death, provide for an easy transition to your heirs and, if your estate is potentially subject to estate taxes, to eliminate (or at least minimize) those taxes at your death. See our video below for more about revocable trusts:

2. Last Will and Testament (“pourover will”)

Your will works together with your trust to dispose of any assets that might not have been transferred into the trust prior to your death.

3. Durable Powers of Attorney

This document gives someone power of attorney to act as your agent on all matters related to your personal and financial affairs, except to the extent that you limit it. It remains in effect even if you become incapacitated. Because of the broad nature of this power, many people prefer to allow it to be used by a non-spouse only if your physician certifies that you are no longer able to make decisions for yourself.

4. Living Will/Designation of Health-Care Surrogate

The living will is a written statement of your desire that life-prolonging procedures be provided, withheld or withdrawn in the event you are suffering from a terminal condition and are unable to express a decision. It does not take effect until at least two physicians – your doctor and one other doctor – determine that the condition is terminal and you are not able to make a decision.
The designation appoints a medical power of attorney (“health care surrogate”) to make any kind of health care decision on your behalf, if you are physically or mentally unable to communicate. The surrogate has the authority to make decisions on most health care issues, except those prohibited by law or specifically excluded in the designation. It is also possible to specify in this document any directions with regard to your health care that you would want carried out by your surrogate, including those required by religious or personal preferences.

5. Trust Funding Forms and Instructions

These are easy to utilize forms to transfer assets into your trust, and thereby accomplish the avoidance of probate. In most cases, all that is involved is a name change on the account. These will include a deed of any Florida or Georgia real property owned by you into your trust. Different types of deeds are utilized, depending on whether or not the property being transferred is your homestead.