Wealth Strategies Blog

Category Listing


Sort By: Title   |   Blog Date


Tuesday, September 29, 2015

Estate Planning

Estate planning is essential, but many individuals delay this because nobody enjoys talking about the end. Many individuals haven’t created a will or started planning at all. If this is the case, it is important to get a jump start, and start planning now. It may be overwhelming, so talking to professional for help will greatly reduce stress and reduce the change for emotional and legal issues.

First, make a will if you have not done so already, and then make a living will and a durable financial and medical power of attorney.

The living will states your wants clearly involving medical treatments; it is basically instructions for what you want. A durable medical power of attorney will allow someone else to take responsibility and make medical decisions for you if you become unable to make these decisions for yourself.

Think about and review your beneficiary designations. Your 401(k), life insurance need to have someone that you trust. Whoever is your beneficiary for your life insurance will get the death benefit when you pass, even if your will states otherwise. It is important to plan ahead so start estate planning as early as possible.

Estate planning can involve a complex web of tax rules and regulations.


Posted by: Patrick Carroll at 9:31 AM
 | permalink


This material is intended for historical purposes and may be outdated. Its contents should not be relied upon as current information. For more up-to-date information regarding these topics, contact your financial professional.







All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Securities offered through Triad Advisors, member FINRA/SIPC. Advisory Services offered through ACI Partners, LLC. ACI Partners, LLC is not affiliated with Triad Advisors.