Asset Planning and Estate Planning: What’s the Difference?

At Doane & Doane, we believe that everyone should have a good financial plan for the future. This is especially true as you get older and need financial security to carry you through your later years.

The biggest hurdle that most people face, however, is not knowing what to do to ensure their financial future. That’s where we come in. We work hard to help our clients plan for tomorrow and beyond. You can trust our extensive experience in estate planning to show you how to protect your assets.

But what’s the difference between asset planning vs estate planning? We find that many clients are confused on this matter, so we’re here to help clear up any confusion you might have.

It’s important to understand the difference between asset planning and estate planning. Understandably, these terms are very similar to each other and consist of a lot of the same verbiage.

Simply put, asset planning largely focuses on protecting your assets while you are living. As such, this includes things like your income and your property. Therefore, asset planning is essential when you want to make sure what’s yours stays yours and remains protected while you are alive. 

A qualified estate planning attorney can assist you in this matter to ensure that you have the peace of mind that your belongings are safe and secure.

At Doane & Doane, we specialize in keeping our clients’ assets protected, both before and after death. Whereas asset planning focuses on the here and now, estate planning focuses on what happens to your assets after you pass.

This involves determining who takes control of your will and trust after you die, who gets your assets and how, and other essential matters. That’s why it’s so important to be as detailed as possible when writing your trust.

Moreover, you want to make sure you name the right beneficiaries and list important instructions to ensure that your wishes are met.

This can be a challenging endeavor, which is why you need to make sure that you have a qualified attorney in your corner. At Doane & Doane, we have years of experience assisting clients in such matters. And when it comes to asset planning vs estate planning, you can count on our legal experts to walk you through the contours of securing your property.

We can help you make the best decisions for the good of your assets and your loved ones. As such, we help you make it easy on your family after you pass. 

If you are concerned about your assets and you want to make sure that they are legally protected, we encourage you to contact us so we can assist you in asset planning. In doing so, you won’t have to worry about the future. We give you the peace of mind that your property is safe and your income is secure. 

What’s more, we will help you do the same for your assets after you die. We make sure that your property goes to those you wish and that you make the best decisions for all involved.

We understand that this can be a difficult task for many people. But at Doane & Doane, we strive to make it as easy and painless as possible. Our clients in Stuart count on us to give them the assurance that their assets are safe both before and after death. 

We urge you to establish asset planning and estate planning in advance. It’s always easier when you secure your planning well before they are necessary. By getting a head start on substantial changes in your life, you will find that these matters are much easier to handle when the time comes that they become necessary.

Plus, planning now will make things much easier on both you and your loved ones when the time comes to discuss asset planning and estate planning. So don’t wait until there’s a problem to tackle your planning needs. 

Our accomplished attorneys at Doane & Doane will work directly with you to make sure your needs are met, so call us today to arrange a consultation.

Doane & Doane was founded in 2003 remains one of the most trusted and respected estate planning firms in Southeast Florida. If you need assistance establishing an estate plan, protecting your assets, or any other related issues, please contact us at  561-656-0200  . Alternatively, you can always fill out our online  contact form, and we will promptly respond to your inquiry.

The information in this blog post is for reference only and not legal advice. As such, you should not decide whether to contact a lawyer based on the information in this blog post. Moreover, there is no lawyer-client relationship resulting from this blog post, nor should any such relationship be implied. If you need legal counsel, please consult a lawyer licensed to practice in your jurisdiction.