Master Estate Financial Planning for Lifetime Wealth Security

Key Components of Estate Planning

Estate planning involves several key components, each playing a vital role in ensuring your wealth's security:

• Wills: A will is a legal document that outlines how your assets should be distributed after your death. It allows you to name guardians for minor children and specify your final wishes.
• Trusts: Trusts are versatile tools that can help manage your assets during your lifetime and after. They offer privacy, avoid probate, and can provide tax benefits.
• Power of Attorney: This legal document grants someone you trust the authority to make financial and legal decisions on your behalf if you become incapacitated.
• Healthcare Directives: These documents outline your medical preferences in case you are unable to communicate them yourself, ensuring your healthcare wishes are respected.