Wealth Transfer



An estate plan is the process of planning for the orderly administration and disposition of property after the owner dies. Estate planning is an ongoing process and should be started as soon as one has any measurable asset base. As life progresses and goals shift, the estate plan should move to be in line with new goals.

Many people believe that having an estate plan simply means drafting a will or a trust. However, there is much more to include in your estate planning in order to make certain all of your assets are transferred seamlessly to your heirs upon your death. Here is a list of items every estate plan should include:

  • Will/Trust
  • Durable power of attorney
  • Beneficiary designations
  • Letter of Intent
  • Healthcare power of attorney
  • Guardianship designations

For people who have enough assets to pass on, they should consider products with enhanced death benefit. A life insurance policy or an annuity with enhanced death benefit is a good choice to consider.