Estate planning may be the most commonly overlooked element in financial management. Some people simply put off estate planning because they don't want to think about death or because the need for planning seems so far away. This delay could cost your heirs if you're not prepared. An effective estate plan will help ensure that your assets will be distributed to your heirs according to your desires and not at the direction of the courts. It will also appoint guardians when needed. If your estate is significant, it will involve minimizing estate taxes and other fees. You may also need to find strategies to help pay estate taxes and to bypass the time, expense, and lack of privacy resulting from probate.
As financial planners, we cannot give legal advise or create legal documents. We do help communicate and coordinate with attorneys the wishes of families in creating estate plans that are efficient, funded properly, and updated regularly. We also assist attorneys and executors (successor trustees) with activity related to closing an estate.
Areas to be considered:
If you have any questions about Estate Conservation, or wish to schedule an appointment, send us an email or give us a call at (810) 687-7339 (toll-free 800-343-2441).
It may be helpful to have the following financial documents available when scheduling your appointment to review your Estate Conservation.
Or call and request a copy of our Estate Conservation Workbook and bring supporting documents as needed.