Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate plan can spell out your healthcare wishes and ensure they’re carried out – even if you are unable to communicate. An effective plan can even designate someone to manage your financial affairs, should you be unable to do so.
It’s never too early to begin thinking about your legacy or to shape your estate plan. Contrary to what many people think, you don’t need to be a millionaire to have an estate plan. An estate plan is an important part of any ongoing financial planning process.
Your legacy transcends money — it also encompasses your values. Your wishes and dreams may include using your assets to help secure your family’s future or you may choose to support another cause close to your heart. This might be your favorite charity, your community or your place of worship, to name a few.
We can help you design a legacy consistent with your dreams and values. Estate planning is critical to ensure that your family receives the assets you have accumulated during your life. Regardless of how much money you have, we feel estate planning is the best way to protect the financial interests of your family when you are no longer here to do so.
FAQ's
Why is estate planning important?
It preserves your legacy, ensures efficient wealth transfer, minimizes taxes, avoids probate, and provides clarity and protection for your family’s financial future.
Is estate planning tax‑deductible?
No—estate‑planning expenses aren’t deductible. However, strategies deployed (like ILITs or gifting) can reduce estate‑tax liabilities.
Who needs estate planning?
Everyone—especially high‑net‑worth individuals or those with family to protect. Legacy structuring and tax‑efficient planning benefit all households.
What is the purpose of making an estate plan?
To direct asset distribution, protect beneficiaries, minimize taxes, avoid probate delays, and create a lasting, tax‑efficient legacy aligned with your values.
When should you get an estate plan?
As soon as you accumulate assets, start a family, or retire—ideally coordinated alongside retirement and tax strategies.
Do I need to be wealthy to have an estate plan?
No—estate planning is valuable for all income levels to protect assets, designate heirs, and streamline transfer processes.
How does estate planning protect my family?
It ensures your wishes are followed, minimizes tax and legal costs, provides liquidity, and prevents confusion or conflict among heirs.