Broker Check

Estate Planning

Most people need to plan for their and their family's future at one time or another. Often it is too late by the time they realize the need for planning. By visiting a wealth advisor and estate planning attorney they can discover what they need to do to provide for themselves and their loved ones in the event of disability or death.

We are often asked if it is expensive to have plans prepared by an attorney. The cost is minimal compared to the possible cost in court fees, estate taxes or the heartbreak of family members when they do not receive what they know you wanted them to inherit.

1. Estate Planning - Estate planning can be as simple as having your Will, Power of Attorney, Medical Power of Attorney and Living Will prepared. It can also be as complicated as setting up corporations, partnerships and trusts to minimize the estate tax impact at your death. Estate planning allows you to provide for the many contingencies that keep you up at night with worry--children, grandchildren, parents.

2. Estate Administration - It can be quite an honor to be named the executor of a person's estate. It means that they trust and respect you. To honor that commitment to them you usually will need the help of a wealth advisor and  attorney to be sure that all the forms and taxes required are filed in a timely manner. As a third party, your wealth advisor and  attorney can help you make relevant decisions regarding payment of debts, expenses and distribution of assets per the terms of the will.