Many people avoid or delay estate planning, and that can be a serious mistake. Good planning makes it more likely that your wishes are honored and can often reduce taxes, legal expenses and family conflict. Estate planning should address not only death and other end-of-life matters but should also build a plan to prepare for incapacity and cognitive decline.
Our team at Financial Plans & Strategies (FPS) has always been well-positioned to provide estate planning as part of our service by verifying that your financial and estate plans complement each other. We will continue to review your titling of assets, designation of beneficiaries, choice of trustees, personal representatives and current or future powers of attorney during your annual review meeting.
Please note that while we are not licensed attorneys and do not prepare legal documents, we would be happy to provide you with a recommendation of a trusted attorney in your area who can help.
Once you update or prepare your estate plan, we ask that you reach out to our team to make sure that this plan aligns with your beneficiary designations and investment plan.