Estate Planning

The importance of estate planning

Estate planning refers to arranging who you will distribute your assets to after you pass away. There are additional components you can include to help ease your end-of-life worries. At Graceful Wealth, we will work with you every step of the way.

Benefits of Estate Planning

Preparing an estate plan is not only for those with a lot of money and assets. One of the benefits of having a plan is that you protect the assets you have, and you have control over who the beneficiaries are.

If you have dependents, you can control who cares for them if you pass away before they turn 18. Another benefit is that you can reduce tax burdens on asset distribution.

Common Planning Tasks

When we design your estate plan, we recommend a variety of things. The most basic is a will, but other components include:

• Setting Up a Financial & Healthcare Power of Attorney
• Naming A Guardian for Your Children
• Establishing an Executor
• Opening Trust Accounts to Limit Taxes
• Naming & Updating Heirs & Beneficiaries

Through our partnership with LPL, we have access to Trust & Will.  This tool revolutionizes estate planning, empowering advisors to offer comprehensive. With legally-valid documents, drafted by attorneys, Trust & Will ensures confidence for my clients.