Annual Maintenance Program “AMP”

Estate Planning is a Process, Not an Event
 
For better or worse, humans experience constant change.  Over months and years, families change; finances change; relationships change; objectives change; laws change; and on and on…  Your estate plan should take into account and reflect these changes.
 
Through its proprietary Annual Maintenance Program (“AMP”), Estate & Business Law Group stands with you through these changes to ensure that your estate plan always reflects where you are today and what you want for tomorrow. 
 
The AMP Program includes an annual private consultation to discuss any changes affecting the goals of your estate plan.  Examples include: acquiring new assets, change in the value of your assets, changing who will serve as your minor child’s guardian, and change of beneficiaries.  These changes have drastic consequences on: 1. your taxable estate, 2. who receives assets upon your death, and 3. whether your estate is subject to probate.
 
We confirm that any new assets are properly titled and allocated per your objectives.  We discuss changes in federal and state tax laws, as well as IRS regulations that might require a change to your estate plan.  We discuss ways to continually reduce any remaining death tax liability and protect assets from loss.
 

AMP also provides periodic updates of Financial and Health Care Powers of Attorney and similar documents.  Additionally, AMP clients have access to DocuBank®, a service which provides immediate access to your emergency information and Health Care Directives around the clock, everyday, anywhere in the US.

 
Summary of AMP Benefits:
  • An annual one-hour consultation to review your estate plan; 
  • A review of your estate plan for technical amendments necessitated by changes in law and tax codes; 
  • Verification that all of your assets are effectively funded (REMEMBER, your plan will not work unless it is “fully funded”); 
  • Discussion of other questions or concerns regarding the smooth administration of your estate plan;
  • Discussion of any personal changes (ex: marriage/divorce) including changes in estate plan goals;
  • Discussion of ways to continually reduce any remaining death tax liability or to protect your assets from loss;
  • Reasonable telephone inquiries relating to the Estate plan;
  • Re-titling of your primary residence to comply with lender requirements during a refinance of your residence; 
  • Technical amendments to the estate plan necessitated by legislation or IRS rulings; 
  • Updated Powers of Attorney and health care documents as needed;
  • Educational workshops, including our invitation-only Annual Meeting of Estate Planning Clients;
  • Membership in DocuBank®, which provides immediate access to your emergency information and Health Care Directives around the clock, everyday, anywhere in the US.






























GLOSSARY

 
Beneficiary  One who receives property pursuant to a will, a trust, an insurance policy, an individual retirement account, or other third-party beneficiary contract.   Back to Top
 

 
Probate A court proceeding to determine competency or custodial rights (living probate), or to determine the validity of a will and the oversight of the procedure by which the assets of a decedent are administered under the provisions of a will.   Back to Top