What Is Estate Planning?
The process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for a person's future incapacity or death.
This process enables you to look after your loved ones, manage property, healthcare and financial choices, and possibly reduce taxes.
Estate planning involves more than just creating a will!
- Estate planning isn't just for people who are sick or elderly.
- Decide who should make medical and financial decisions if you become incapacitated.
- Avoid probate.
- Prepare for long-term care.
- Buying life insurance and appointing a guardian is essential if you have dependent children.
2 Reasons Why People Go Through Probate
Lack of Education and Procrastination
A National Financial Educators Council (NFEC) survey of people’s finances in 2021 revealed that “financial illiteracy” cost Americans an estimated $352 billion that year alone.
Problems With Probate
- Fees - probate court and attorney fees can add up to thousands of dollars.
- Conflicts and misunderstandings regarding inheritance.
- Privacy is completely forfeited since probate is a public matter.
- Complexities usually accompany probate.
- Consuming time and resources.
- Stress on the family.
Reasons To Consider Setting Up An Estate Plan
- Avoid probate and other costly fees
- Make provisions for your care should you become incapacitated
- Minimize family conflict
- Creditor protection
- You have control
- Preserving privacy
- Reduce voluntary taxes and estate taxes
- Protect your family
- Special need planning
Service Overview
We provide estate planning implementation support, coordination, and education to help ensure your plan is properly executed.
Our role is to act as a central point of organization and communication between you and your licensed professionals—including your attorney, CPA, and financial advisor.
Estate Planning Partner:
