You don’t need to have a great deal of wealth or property to make estate planning important. When you plan for the future of your estate, you are assisting your loved ones in carrying out your final wishes without indecision or speculation. In the simplest terms, your estate plan is a blueprint that outlines what you would like to happen with your home and assets when you are gone.
Your Estate Plan and Your Financial Plan
Your estate plan often begins with a financial plan you draft with your financial advisor. During the planning process, your advisor may suggest you work with an attorney to draft a handful of important documents that will make decision-making easier for your loved ones. Examples might include financial and medical powers of attorney to allow another individual to make decisions for you if you become too impaired, guardianship documents to designate caretakers for your minor children, or a Will to outline what you’d like to have happen to your assets after your death.
We’ll also share tools like our Journal-of-Wishes-and-Records, which can be a central resource with information on other estate planning documents.
Protect your wealth and create the legacy you’ve envisioned. Whether your goals are already set, or you still need help laying the groundwork, we have you covered. We’ll help you align your estate strategy with your larger financial plan.