
Fact # 6 – Understand Common Estate Planning techniques.
Everything a person owns at the time of death is called his or her estate. You have the right to decide who will become the owner of your estate after your death. Usually, an estate consists of real estate (called realty or real property), cash, bank accounts, stocks, bonds, and personal property, such as jewelry and automobiles (called personalty or personal property). Effective estate planning ensures that your estate will be distributed in accordance with your wishes after your death and can be a valuable tool in providing for and helping your child.
Shields & Boris has extensive experience developing different options that can be used for accomplishing your purposes. In the following sections we will review some of these options and point out the advantages and disadvantages of each, so that you can think about the ones that best meet your needs before meeting with a planner.

Elder Law Offices of Shields and Boris
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