Estate Planning Explained
The main goal of estate planning is to avoid miscommunication and uncertainties over who should inherit a person’s assets. By creating a plan for a person’s estate, we can help determine how your assets will be managed after death or if you can no longer make financial decisions. Your estate plan will include instructions on how you wish your assets to be delivered and how end-of-life decisions should be made.
It’s important to note that this process goes beyond writing a will. Some additional items that your estate plan will cover include:
Why Estate Planning Is Important
Estate planning is key to caring for you and your loved ones. Some of the many benefits of planning for the dispersal of your estate include:
Perhaps more than any other benefit, providing formal intentions for your estate can help prevent stress. Dictating your wishes can provide confidence by confirming that your assets will be split in a way you approve.
When Should I Start Planning?
Since everyone’s assets are different, the timing to plan their allocation is also bound to differ. However, regardless of the size of your estate, the most important aspect is to ensure that your wishes and needs are met. The reality is that everyone needs to set plans for the organization of their assets, and when the timing looks right for you is entirely your decision.
Trust Your Estate To HighPoint Advisors, LLC
At HighPoint Advisors, LLC, we pride ourselves on providing personalized financial services across Central New York, including Syracuse. Our experienced advisors are dedicated to providing each client with several recommendations for estate planning so that we can put together the best plan for each person. To learn more about estate planning with our team, contact HighPoint Advisors, LLC today.
HighPoint Advisors, LLC. and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation.