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What is an Estate Plan?

For the last few years in every client meeting we have asked if they have a will and any other estate planning documents. If yes, we ask when they last looked at them. And, if no we recommend and encourage them to get these important documents prepared. Over the years we have found ourselves in some difficult situations due to a lack of planning. Below are some general thoughts we believe you will find interesting.

An estate plan is a comprehensive strategy that outlines how an individual's assets and responsibilities will be managed and distributed after their death or in the event of incapacitation. It involves making important decisions regarding the distribution of wealth, care for dependents, and the handling of financial and healthcare matters.


  • Regardless of age, marital status, or wealth, having a will is important for everyone.
  • One of the first benefits of estate planning is the peace of mind that your assets will be transferred according to your desires after you're gone.
  • Putting together a comprehensive estate plan allows you to determine how—and by who—your affairs will be managed.
  • Be transparent with your executors, guardians, trustees, agents, and trusted family members. Openly talking about your affairs, intentions, and wishes helps ensure they'll be met.
  • Compile notes and instructions concerning where your will (trust), jewelry, valuables and other important documents are kept.

Communicate your desires with your family members and/or friends. While it may be difficult to think about and to discuss, it can be one of the most important discussions you may have. 

It is extremely important to include and be open and honest with the people you select to be your executor, trustee, power of attorney and trusted family members.

Let us know if you have questions and/or would like a referral to an attorney we believe would be best able to help you.