OUR

PROCESS

Estate Planning involves the

design process to distribute

your assets, to delegate your

healthcare decisions, and to

provide you and your family

peace of mind.

Estate Planning is often

associated with married

individuals or families but is

even more crucial for the

unmarried. Estate Planning is

 for everyone, not just the

wealthy. In the absence of a

spouse or children, Estate

Planning ensures your wishes

are honored and assets are

distributed efficiently with

minimal State interference.

Estate planning can be simple

and affordable, saving you

and your loved ones important

resources during an

emotional time.

WHAT IS

AN ESTATE PLAN?

SET OF LEGAL DOCUMENTS

THAT GUIDE DECISIONS

RELATED TO YOUR ASSETS,

HEALTHCARE, AND

FINAL WISHES.

KEY DOCUMENTS:

PROTECTING YOUR LEGACY

YOU WORKED HARD,

PRESERVE YOUR LEGACY

Estate Planning is not just for

the wealthy; it is important

for everyone. By planning ahead,

you ensure that your assets

are distributed according to

your wishes, you protect your

family, and you minimize your

tax liability. An Estate Plan

preserves your legacy and gives

your loved ones peace of mind.

Most importantly, an Estate

Plan ensures your final wishes

are fulfilled.

THE ESTATE

PLANNING

PROCESS

WHERE DO YOU START?

Schedule a consultation:

During your consultation,

we will discuss the intricacies

of the plan, necessary

documents required, and

common costs associated.

Define Your Goals:

Who do you want to benefit

from your estate? How do you

want your assets to be

allocated? Do you have any

specific wishes?

Choose the Right Tools:

Depending on your goals,

our team will provide guidance

on which estate planning

strategy best suits your needs.

Select Executors,

Trustees, and Guardians:

Designate a person or

person(s) who will execute your

Estate Plan after your passing.

You may also designate separate

roles that may include the

handling of unique financial

decisions as well as medical

incapacitation.

Review and Update

Your Plan:

An Estate Plan should be

updated given to any significant

life event such as marriage,

divorce, the birth of children,

or the passing of a loved one.

It is important for your Estate

Plan to remain current amidst

ever-changing life events, tax

policies, and regulation updates.

ESTATE

PLANNING

PITFALLS

COMMON ESTATE PLANNING MISTAKES TO AVOID

Not Having an Estate Plan:

Many people mistakenly believe

they don't need an Estate Plan

if they don't have significant

 wealth. However, everyone can

benefit from having a plan in

place to ensure their wishes

are respected.

Failing to Update

Your Plan:

Your Estate Plan needs to be

updated whenever there are

significant life events like

marriage, divorce, the birth

of children, or changes in

asset values.

Choosing the Wrong Executor or Trustee:

The person you appoint as

your executor or trustee should

be someone trustworthy,

organized, and capable of

handling financial and legal

matters. This may change.

Not Addressing

Digital Assets:

Make sure to include

instructions for digital assets

like social media accounts,

online banking, and other

digital properties.

Probate Court

Implications:

Without proper planning, the

probate process can reduce

the value of your estate by

an average of 3% to 7%.

Conclusion:

Estate Planning is not just for

the wealthy; it is important for

everyone. By planning ahead,

you can ensure that your assets

are distributed according to

your wishes, protect your

family, and minimize wasteful

spending on taxes and fees.

It's a step towards securing

your legacy and giving

yourself and your loved ones

 peace of mind.

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