Wealth Transfer – Another name

Estate Planning and Wealth Transfer

Estate plans are as much for you as they are for your loved ones. Without a plan in place, your family may be required to make life-and-death decisions, and assets may go to unintended relatives. Fortunately, for most families, estate planning isn’t complicated.

The Estate Planning Process

1
Create a Will

Provide instructions for who inherits your belongings. Assets will still need to go through probate.

2
Create a Trust

Trusts allow property to transfer directly to beneficiaries without probate. Specialty trusts can maintain eligibility for government programs or create spendthrift protections.

3
Establish Directives

Health care directives and powers of attorney keep your family from having to make life-and-death decisions, and let trusted individuals make financial decisions on your behalf.

4
Update Beneficiaries

RReview the beneficiaries named on all retirement accounts and life insurance policies. Do not leave beneficiary information blank.

5
Purchase Life Insurance

Evaluate your family's life insurance needs. If you are a business owner, life insurance is critical to allow your company to continue operations.

Estate Planning and Wealth Transfer

The Estate Planning Process

1
Create a Will

2
Create a Trust

3
Establish Directives

4
Update Beneficiaries

5
Purchase Life Insurance

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Estate Planning and Wealth Transfer

The Estate Planning Process

1 Create a Will

2 Create a Trust

3 Establish Directives

4 Update Beneficiaries

5 Purchase Life Insurance

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Like this:

1
Create a Will

2
Create a Trust

3
Establish Directives

4
Update Beneficiaries

5
Purchase Life Insurance