Estate Planning
Your financial future, your family’s financial future, and your legacy depend on how you preserve your estate. Be prepared.
Do You Have An Estate?
If you.....
- Own a Home,
- Own a Car,
- Have a Bank Account,
- Have a Savings Account or
- Own a Business
Then you have an estate and need an Estate Plan!
Your financial future, your children’s financial future, and your legacy all depend on how you preserve your estate
If you do not decide, the Government will decide for you!
Without the proper legal documents it does not matter what you have said or promised
- Who will care for your underage children?
- How will you keep an 18–year old from spending their inheritance?
- Who gets your home?
- Who inherits all of your bank accounts?
- Can you avoid family arguments over your belongings and keepsakes?
- Who will operate and own your business?
- Who will make your medical decisions?
Will your lack of planning create a family feud?
#1 Who will get your assets?
- Have you discussed this with your family?
- If so, how long ago?
- Do your documents need an update due to Life Events?
Will you or a court decide who gets what?
- Telling someone is not enough!
Tell them in your Estate Plan!
- Telling someone is not enough!
Tell them in your Estate Plan!
#2 Who will take care of your children?
- Have you discussed this with your family?
- If so, how long ago?
- Do your documents need an update due to Life Events?
Will you or a court decide who gets your kids?
- Have you seen a family fight over who gets the children?
Only a Will controls this important decision
Do you want a judge to oversee a fight over your kids?
#3 Have you avoided Probate?
- Have you heard about probate?
- Do you know why people want to avoid it?
...the Cost ...Time Delays ...Complications
How does a Living Trust work?
Prepare one with easy Q&A step-by-step process
...re-title bank/investment accounts in name of Trust
...when you die the Living Trust does not die
...accounts stay open, passwords remain, no delays
...pay bills the next day...distribute to family the next day
...even joint accounts will not help in the event of simultaneous death
Do you want to make it easy for your family?
#4 Healthcare or end-of-life decisions
How do you want to make these decisions?
Did you know that legal documents are required?
Have you experienced family disputes related to these issues?
The Required Documents
Healthcare Surrogate
Names the person (and backup) to decide when you can’t.
Living Will Declaration/Advanced Directive
Do you want to remain on life support when there is no hope of recovery?
Avoid depleting your estate when it will not help.
HIPAA Authorization
Without this document, your family members cannot talk to doctors or or have access to your medical information.
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