Did you know six in ten American adults have no will or estate plan in place? (Caring.com) No one wants to be reminded of their own mortality or spend too much time thinking about what might happen once they’re gone. But here is some food for thought:
An estate plan allows you to rest easy knowing your future generations are protected.
Wondering where to start? We’ve gathered the five most important documents to begin your estate plan. While these documents may not be everything you need to get started, they will start your journey to peace of mind.
1. Will
A will allows you to specify who you want to inherit your property and other assets.
2. Power of Attorney
In the case that you become incapacitated, the individual named in this document can make financial decisions on your behalf.
3. Healthcare Directive
In the case that you become incapacitated, the individual named in this document can make medical decisions on your behalf.
4. Living Will
A document that defines medical treatments you would and would not want to be used to keep you alive or assigns someone to make that decision on your behalf.
5. Revocable Trust
Similar to a will, this document allows you to specify who you want to inherit your property but avoids probate, a court-supervised process.
At Financial Designs Wealth, we focus on providing simple solutions in a complex world. We walk our clients through every step of the process to ensure their estate plan is executed, providing a seamless transition to the next generation.
Ready to start planning?
Jennifer Valdes, Certified Financial Planner® is ready to secure your financial future.
This information is being provided for information purposes only and is not intended as a solicitation or recommendation, or offer of legal or tax advice. FD Wealth Management, LLC (FD Wealth) is an investment advisor located in Miami, Florida. FD Wealth offers a broad range of investment advisory, brokerage and insurance products and services. Employee benefits plans and insurance offered through FD Wealth’s affiliate, Financial Designs, Inc. Securities products offered through The Leaders Group, Inc., an unaffiliated broker-dealer, Member FINRA/SIPC. Investment advisory, brokerage and insurance services involve different types of fees, compensation arrangements, rights and responsibilities. For additional information, please refer to FD Wealth’s Form CRS (Client Relationship Summary) and Form ADV Part 2A available at https://adviserinfo.sec.gov.