Estate Planning isn’t just for the rich and it isn’t necessarily the most exciting conversation topic, but it is necessary and can help set loved ones up for a smooth transition and prosperous future once you are no longer here to care for them.

Estate Planning 101

  • Wills

    A last will and testament is a legal document that outlines an individual's wishes for the distribution of their assets, care of minor children, and other final directives after their death. It ensures that their estate is managed according to their preferences, minimizing disputes and legal complications for survivors.

  • Trusts

    A trust is a legal arrangement where a trustee manages assets on behalf of beneficiaries. It ensures efficient asset management, provides financial security, and can minimize taxes and probate delays. Trusts offer control over asset distribution and can protect assets from creditors or inefficient handling by beneficiaries.

  • Ancillary Documents

    A few examples of ancillary documents include A power of attorney (“POA”) authorizes someone to make legal decisions on your behalf with financial and/or medical matters. An advance directive outlines your healthcare preferences if you're incapacitated and thus cannot make decisions yourself at any given point. Both documents ensure your wishes are respected, providing clarity and guidance to loved ones and healthcare professionals during critical times.