Master Estate Planning and Transform Your Financial Future

The Core Components of Estate Planning

Effective estate planning typically includes several key components:

• Wills and Trusts: A will outlines how you want your assets distributed, while trusts can provide more control over when and how your assets are distributed. Trusts can also help reduce estate taxes and avoid probate.
• Power of Attorney: This document allows you to appoint someone to manage your financial and legal affairs if you become incapacitated.
• Healthcare Directives: These include living wills and healthcare proxies, which outline your medical care preferences and designate someone to make healthcare decisions on your behalf.
• Beneficiary Designations: Ensure that your retirement accounts and life insurance policies have up-to-date beneficiary designations to avoid discrepancies.