What is an Estate Plan?

Think of a game plan or making travel plans. Both involve organizing the details for a big event. Coaches create strategies and organize a team. Travelers arrange transportation and make itineraries and packing lists.

Your estate plan details what will happen when you pass away. The plan spells out how your assets will be managed and distributed. Estate planning documents include wills, trusts, powers of attorney, patient advocate designations, deeds and beneficiary designations.

When we die or become incapacitated we want our assets administered as efficiently as possible. We want our belongings and assets in the right hands and we want to avoid extra expenses such as capital gains or estate taxes.

By using the correct combination and coordination of estate plan documents your hard earned assets go to your beneficiaries with a minimum of time and expense. 

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