Estate Planning: Will & Trust Specialist

Many people feel that “estate planning” is something only “wealthy” people need to worry about.

Contrary to popular belief everyone should have an estate plan in place. So what is Estate planning exactly? Here are few things that an estate plan should consider:

Creating a will
Establishing a guardian for living dependents
Creating/updating beneficiaries on plans such as life insurance, IRAs and 401(k)s
Limiting potential estate taxes by setting up trust accounts in the name of beneficiaries
Naming an executor of the estate to oversee the terms of the will

Setting up funeral arrangements
Evaluating establishing annual gifting to reduce the taxable estate
Setting up durable power of attorney (POA) to direct assets and investments in the event of incapacitation
Putting in place a Health Care (POA) document to give direction in the event of life threatening injury/illness

Many of the points above are items everyone will need to decide at some point. At Bennett & Porter we have partnered with several estate planning attorneys to coordinate and implement your estate plan. This we do in synchronization with your complete financial plan.

Whether you reside here in Scottsdale, Arizona or anywhere else in the country, our Certified Financial Planners are ready to assist you. Please give us a call today at Bennett and Porter — one of our professionals will be happy to answer your questions regarding the different estate planning options and determine which plan is right for you.

For additional information on wealth management, browse here for additional financial products and services.