Estate Planning
Estate planning is just one necessary part of
a comprehensive financial plan. A comprehensive
estate plan typically includes the use of a
Will, Revocable Living Trust and Powers of
Attorney for Health Care and Property to ensure
that your loved ones are taken care of, assets
are protected and administration expenses and
taxes are minimized.
By integrating your financial planning and
estate planning, you can ensure that your
financial and family goals are achieved in the
most efficient way possible. One of the areas of
estate planning where the financial planner
should be directly involved is in the
preparation and funding of your revocable living
trust. Funding, or the re-titling of your
property to your trust, is a very important, yet
often neglected, part of estate planning. An
unfunded trust falls far short of achieving its
primary objectives--avoiding probate and passing
assets to your loved ones as quickly as
possible. By integrating your financial and
estate planning, you can ensure that all of your
accounts and assets are titled properly to
achieve your goals.
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