ESTATE PLANNING
What is Estate Planning?
Estate planning is the process of arranging for the management and distribution of your assets after death or incapacity to ensure your wishes are carried out and your loved ones are protected.
Estate Planning
Is all about taking control of your future—ensuring your loved ones are cared for, making key healthcare and financial decisions, and determining how your assets are handled after you're gone. It’s your chance to safeguard your wishes, minimize taxes and expenses, and create a legacy that reflects your values.
Why is it Important?
It ensures your assets are distributed to the people you want.
It can help you minimize estate and inheritance taxes
It can lessen the burden on loved ones if you become ill or incapacitated.
Avoid Probate.
What does it Include?
Wills: Outline how you want your assets distributed after you die.
Power of Attorney: Designate who can make decisions on your behalf, such as paying bills.
Health Care Directives: Specify your medical wishes, such as a do-not-resuscitate order.
Guardianship: Name who will care for minor children or dependents.
What is Probate?
Probate is the court-run process that hands control of an estate after someone passes, but it can be slow, expensive, and very public. Without a solid estate plan, a judge could make decisions you don't agree with. Whether or not there’s a will or trust, probate is the only way to transfer assets.
9 Reasons Why Estate Planning Matters
Protecting your family
Minimize family conflict
Avoid probate and other costly fees
Make provisions for your card should you become incapacitated
Creditor protection
You have control
Preserving privacy
Reduce voluntary taxes and estate taxes
Special need planning
Understand The Power of a Thoughtfully Crafted Estate Plan