Envisioning and Planning Your Legacy

For many people, this is typically an emotional issue and often deeply complex.  Nearly all of the prior issues converge at this point with counsel from every financial discipline required.  It is important to have experienced professionals, well versed in estate planning and taxes paired with the in-depth knowledge of a wealth management consultant.  By having a professional team in place you and your heirs will gain tremendous value in a fully integrated and holistic approach.  

Do you want your former spouse to control the assets which are meant for your children? Without a simple will or trust, assets left directly to minor children will be controlled by the guardian of those children. Additional estate planning considerations include:

Medical Power of Attorney: Under HIPAA law, doctors are prohibited from discussing medical information without authorization.

Durable Power of Attorney: Necessary to direct the assets of an incapacitated individual without court approval.