Frequently Asked Questions
Estate Planning
Estate planning is the process of determining, during one’s lifetime, the management and disposal of one’s assets
This is dependent on your preferred estate plan. The cost of drafting a Will may vary depending on how much time and skill one may require and how complex one’s
Estate and wishes are.
Setting up a Trust will usually require a set-up fee after which a recurring amount may be paid to the trustees for managing the Trust.
Tax burden differs in different jurisdictions and states and is often a significant portion of the Estate. Taxes are usually imposed when the deceased has left a Will and the deceased’s Estate goes through the probate process. In contrast however, estate taxes can be completely avoided by putting one’s assets in a Trust.
Where you die without an estate plan, you are said to have died intestate. Where a person dies intestate, the person’s estate becomes subject to State laws and goes through the probate process. Probate can take many years, is very tedious and cost intensive. In most cases, a large chunk of the Estate goes to paying off lawyers whose services were engaged during probate.
Custodial Services
Incap Solutions
The Incap Solution is a service which helps one plan for the “in-between” situations where temporary or permanent incapacitation prevents him/her from making personal medical or financial decisions. Incap Solutions employ the use of Medical and Financial Power of Attorney.
- It gives one the advantage of having a trustworthy person or institution to take charge of financial and medical decisions in the event of an unexpected occurrence.
- It ensures seamless continuance of one’s affairs in the event of incapacitation.
- It helps prevent any form of loss that would otherwise be incurred as a result of one’s incapacitation.
- It helps mitigate the risk of conflict between family members or employees.
- It ensures that one is able to regain control of his/her assets upon recovery.
- It provides the benefit of a clear-cut decision making by the Agent on behalf of the incapacitated person.
- First, download the Incap Solutions form here ARM Trustees – Medical & Financial Power of Attorney
- Afterwards, you’ll be required to sign your documents and return to ARM Trustees for Notarization, stamping or registration as may be necessary.
- Your documents will be prepared for execution.