Estate Planning

 

Estate planning is…

the umbrella term for preparing for your future, your family’s future, and the contingencies that could throw that plan off. Much of estate planning focuses around the events that will happen in the days, years, and decades after a person’s death, but it’s not limited to those concerns. Estate planning also calls for the consideration of what will happen in the event that someone suffers a period of prolonged physical or mental incapacity in life.

Those who have recently completed their estate planning often report a sense of relief. Given that people frequently report being “very concerned” about what will happen without an estate plan, addressing that concern understandably brings a sense of ease.

The documents most often associated with estate planning include:

  • Last Wills,

  • Revocable Trusts (also called “Living Trusts”),

  • Irrevocable Trusts (e.g. Irrevocable Life Insurance Trusts—ILIT),

  • Powers of Attorney, and

  • Living Wills / Advance Directives / Healthcare Powers of Attorney.

 
Those who have recently completed their estate planning often report a sense of relief.

Those who have recently completed their estate planning often report a sense of relief.

 

There are many other documents found in estate planning, and an almost infinite variation within the instruments, which is great news when you want your plan to match your desires for your family and your property.

What I can do for you here at Trailhead Estate Planning is answer your questions about estate planning, review existing documents, prepare new documents, and help make sure your assets will follow the plan you’ve created.

If you are ready to make or review your estate plan, contact me today. I look forward to showing you how we can map an estate plan that fits your needs.