Planning for your family's future
Legacy planning is the process of managing your assets and values to ensure they are passed on to future generations or utilized in a manner that aligns with your wishes after you're gone. Here's why it's important:
Avoid unnecessary Probate fees with a Last Will and Testament
- All assets will go through probate first if you do not have a Will and last testament or revocable family trust or designated beneficiaries for your assets.
- This legal document is one of the most valuable documents for your family and we can help design it to best suit your needs.
Living Will and advanced medical Directives
- Living Will and Advanced Health Care Directives allow you to determine how you want medical care administered if you have a terminal illness or are in a comatose state.
- If such a condition should happen to you, these instruments will serve to give notice to medical professionals your wishes (such as if you desire whether or not to be kept alive by artificial means).
- Your Living Will agents are also considered to be the guardian of your person. In most cases, your Advanced Health Care Directive can take the place of a Living Will.
- Many healthcare providers require a Durable Power of Attorney for Healthcare in conjunction with a Living Will to carry out the decrees of a Living Will. It is important that your agents for your Durable Power of Attorney for Healthcare are the same as your Living Will. (Both documents are included in your comprehensive estate plan.)
Revocable living trust
- The Revocable Living Trust is the centerpiece of your Estate Planning Portfolio.
- The trust is completely under your control. As the name implies, your trust is fully revocable while you are alive. You may alter, amend (in whole or in part), or even revoke your trust at any time. You can transfer your assets back out of your trust just as easily as you can transfer your assets into your Trust.
- The person who manages the Trust is called the Trustee (in most cases you are the Trustee initially). After your passing, the successor Trustee you appointed can manage and distribute assets to the beneficiaries of the Trust.
Durable Powes of Attorney
- Durable” means that the appointment of the power will “endure” even after your incapacitation.
- A Power of Attorney will give your appointed agent the power to make certain decisions on your behalf when you are unable to do so.
The majority of advisors are attempting to increase your potential rate of return which usually increases your potential risk.
We believe there is more opportunity in helping our clients find money they are losing unnecessarily and unknowingly
- Marc Boesener
