Estate Planning
If you wish to leave behind a meaningful legacy, be it for loved ones or a charitable institution, you need to put a well-thought-out estate plan in place. Without an established plan, the fate of your estate could be determined by the government, lawyers, or people that may not have your interests and best wishes in mind.
Having an estate plan is paramount in ensuring your estate is handled according to your wishes. Together with your estate planning attorney, we can assist in drafting documents and reviewing your situation to help you ensure your estate benefits the people and charities you care about most.
What We Can Do For You
- Will Education: We can help you understand what is most important to you about your legacy, so that you can better understand how to work with your legal team to create a document that reflects how you want your estate disposed of and distributed. From a simple will to a testamentary will, or joint wills and living wills – our team will provide support and resources that strive to help you better navigate the complexities of this document when working with your legal team.
- Beneficiary Designation Education: If you don’t choose beneficiaries for your assets carefully, your estate assets might end up in the hands of individuals that you never intended should benefit from them. A well-thought-out estate plan strives to ensure the needs of your dependents are taken care of.
- Estate Tax Planning: Taxes, fees, and other levies have the potential to erode a large part of your estate before your beneficiaries see a cent. Careful planning seeks to reduce the impact taxes and fees may have.
- Estate Risk Management:: Even after you pass, many of your assets – such as long-term investments and property – will likely need protection and management until they are disposed of and their proceeds are distributed to your beneficiaries. In the absence of an estate plan, your assets will likely not receive the type and level of protection those assets require.
- Distribute your legacy: We can support you in the goal of synchronizing your estate plans and your will, so your assets are distributed in line with your final wishes.
Schedule a meeting with us to see what an estate plan can do for you.
Neither Elevation Wealth Management nor LPL Financial provide legal advice or services. Please consult your legal advisor or an estate planning attorney regarding your specific situation.
