Fletcher Estate Planning

Estate Planning Do's and Don'ts
Do:
✅ Choose an executor or trustee carefully. Name someone you trust, pun intended.
✅ Execute a Last Will and Testament and name guardians. Naming guardians for minor children is of paramount importance.
✅ Hire an estate planning attorney.

Don't:
🚫 Forget to update your executor or trustee over time. Make sure to review your plan every 3-5 years to make sure your executor and or trustee you prefer are still the people you have chosen.
🚫 Assume a Last Will and Testament is all you need. While a Will is a valuable part of any estate plan, you may need a Trust as well. We can help you explore all of your options.
🚫 Make it a DIY project. Don't do it yourself and step over dollars to pick up pennies. Hire a professional.

Protect your legacy and loved ones by making estate planning a priority today.

Your essential estate planning checklist:
✅ Last Will and Testament: Names guardians for minor children.
✅ Revocable Living Trust: Avoids probate, provides privacy, and manages your assets during your lifetime and beyond.
✅ Healthcare Power of Attorney: Appoints someone to make healthcare decisions if you’re unable.
✅ Financial Power of Attorney: Designates a trusted person to handle financial matters on your behalf.
✅ Living Will: Ensures your healthcare wishes are followed.
✅ Update Beneficiary Designations: Keeps your accounts and policies aligned with your current wishes.

Make sure your estate plan is comprehensive and up-to-date. Contact us today for an initial consultation! 🌟

While a Power of Attorney is critical to have during life, it ceases to be valid after death. 🛑 ✋ When someone passes, it's other estate planning documents that come into play. Wills and Trusts take the forefront, guiding the distribution of assets and fulfilling final wishes. 📜 It's crucial to have these documents prepared and up-to-date to ensure your legacy is handled as you intend. Don't leave your loved ones in uncertainty. Plan ahead with the right tools to protect your estate and provide clarity in times of grief.

Thinking you’ll save some money on estate planning by simply transferring ownership of your home to your adult child? Think again. This move can backfire big time. Here are a few reasons why:
1. It might make you ineligible for Medicaid benefits should you need them.
2. Your child could face a hefty tax bill.
3. Your home becomes vulnerable to your child’s creditors, risking the roof over your head due to their financial troubles.
Proper estate planning with an estate planning attorney is essential to know things are done the right way. Click the link in our bio to get started today. 🔗