Preparing for the transfer of estate assets after death is a difficult issue to discuss, but it is also an important part of any comprehensive financial plan.
A written estate plan provides a means to guide your loved ones through the succession process. By naming your executors or trustees and providing instructions on the distribution of your estate, your surviving loved ones avoid having to guess your wishes. Rather than statutory law determining how your assets are to be divided—a situation that can result in lengthy court proceedings—a clear, carefully considered written estate plan provides clear instructions to your successors.
Additionally, life insurance can ease your loved one’s financial burden and provide security in the event of your death. A lump-sum payment can be used for mortgage costs or to supplement lost income, helping your successors during a difficult period. Save your loved ones the stress of dealing with financial issues by planning for your succession while you are alive. We can help you approach estate planning in a constructive manner that ensures problems are avoided and loved ones are cared for in the event of your death.
