Do you have these key documents in place?

Estate Planning, aside from the disposition of assets, encompasses a wide range of issues: tax reduction or elimination, charitable inclinations, establishment of your legacy, maintaining family harmony, supporting future generations, protection from creditors, instructions for your own care in sickness, family business continuation and guardianship for minor children.

Some people are affected by all of these issues, and all people are affected by some. It’s important to remember that estate planning is not just for “retired” people or the “wealthy”.

Do you have the following important documents in place?

Why It’s Important.
Estranged family members, doctors or judges may make important, personal decisions for you, in absence of these documents.

Why It’s Important.
Without one, the government will determine what happens to your assets, and who raises your children.

Why It’s Important.
It assures your wishes are heard and protects your family from having to make such difficult choices.

Why It’s Important.
Estate taxes, left unchecked, can cost a family millions of dollars, as can spendthrifts and creditors.

Why It’s Important.
Unlike a will, a revocable trust provides privacy, and assets within the trust avoid probate. Typically, transferring assets by trust is less contestable in court than transferring by will.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.DK Wealth Management, LLC and Integrated Financial Partners do not provide legal/tax advice or services.