AMR, F. Keats Boyd, III, President of Boyd & Boyd, P.C., Estate Planning Basics

F. Keats Boyd, President of Boyd & Boyd, PC, discusses the basics of estate planning, including the reasons to set up an estate plan and when/when not to use a Medicaid planning trust.

MAIN REASONS FOR AN ESTATE PLAN:

• Passing wealth at death
• Incapacity care planning 
• Probate avoidance
• Asset protection 
• Tax avoidance income and estate tax avoidance