Secure Your New Baby's Future With Expert Estate Planning

Key Components of an Effective Estate Plan

An estate plan typically includes several key documents, each serving a specific purpose. A will is fundamental, allowing you to name a guardian for your child and outline how your assets should be allocated. Trusts are another powerful tool, offering flexibility and control over how and when your assets are distributed. They can also provide significant tax benefits and protect your child’s inheritance from creditors. Additionally, a durable power of attorney and healthcare directive ensure that your financial and medical decisions are handled by someone you trust if you become incapacitated.