PRE-PLANNING ESTATE AWARENESS
What is an Estate Plan?
Making a plan in advance and naming whom you want to receive the things you own or how you want things to be carried out if you become incapacitated or after you die.
Most people think they don't have an estate. Believe it or not, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, and personal possessions.
No matter how large or how modest, everyone has an estate and something we all have in common—you can’t take it with you when you die. Estate planning is not just for the wealthy—it is important for everyone.
Most people think they don't have an estate. Believe it or not, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, and personal possessions.
No matter how large or how modest, everyone has an estate and something we all have in common—you can’t take it with you when you die. Estate planning is not just for the wealthy—it is important for everyone.
Get Your House In Order: Check In Before You Check Out!
Disclaimer: The information provided on this website is strictly for informational and awareness purposes only. You are under no obligation to accept the recommendations or suggestions presented here. Our organization always advises that you seek the appropriate legal services that you may be in need of.
“Helping families secure their legacy through strategic pre-planning and life insurance solutions.”
What Makes up an Estate Plan?
W = WillT = TrustP = Power of AttorneyA = Advance Directive/Living WillL = Life Insurance
W. T. P. A. L.
Common Estate Planning Documents
A will is a legal document that ensures your assets are distributed according to your wishes and provides for the care of minor children, helping to prevent disputes among survivors.
Will
Living Trust
Power of Attorney
Advance Directive
Life Insurance
A trust is a legal arrangement where a trustee holds assets for a beneficiary, ensuring their distribution according to the trustor’s wishes while potentially avoiding probate and reducing taxes.
A power of attorney is a legal document that allows someone to act on your behalf, with a durable power of attorney ensuring decisions can be made if you become incapacitated
An advance healthcare directive, or living will, is a legal document that outlines your medical wishes if you become unable to make decisions due to illness or incapacity.
Life insurance provides financial security for beneficiaries by replacing income, covering estate expenses, and protecting assets, ensuring loved ones are supported.
What's Your Plan?
Did you know that estate planning is not just for the wealthy?
Anyone can establish an estate plan to help protect themselves, their assets and most importantly their family.
Words I live by:
"Plan to be prepared so that when you have a plan you are prepared."Jennifer R. Priest