An effective estate plan can do more than build generational wealth to provide long-lasting empowerment and benefits to future generations. It can secure your legacy, give you peace of mind, and memorialize your wishes regarding medical care.
There are a number of tools available to create an estate plan that is unique to your wishes and assets
-
Will
The simplest of estate planning tools, wills are legal documents that, among other things, memorialize a person’s wishes regarding the distribution of their assets upon their death. They do not, however, protect an estate’s assets from probate.
-
Revocable Trust
A revocable trust is a legal arrangement that allows a person, referred to as the settlor, to maintain control over their assets, avoid probate, and provide for the seamless management and distribution of their assets in the event of incapacity or death.
-
Advance Health Care Directive
A legal document that allows an individual to provide direction regarding their healthcare preferences and appoint a healthcare agent to make medical decisions on their behalf if they become unable to communicate or make decisions for themselves.
-
Financial Power of Attorney
A legal document that grants authority to a designated agent to manage financial matters and make financial decisions on behalf of the person who made the document in the event of their incapacity.
-
Nomination of Guardianship for Minor Children
Allows parents to designate a trusted person to care for their children financially and emotionally in the event of their incapacity or death.
-
Nomination of Conservator
A document that designates a person or organization to act as guardian for an adult who is unable to make financial or medical decisions.