Back To Basic Series #3:Important Estate Planning Documents
A common comment we hear when asking about estate planning is, “I have a will so I’m all set.” While having a will is a very important component of an estate plan, it does not make your plan complete. A will doesn’t specify how you want to be treated should your health fail. It doesn’t dictate who will carry out your wishes or handle your financial affairs should you become incapacitated. It doesn’t help your heirs limit their tax burden and/or legal expenses.
In short, simply having a will does not cover the main objectives of an estate plan as listed above. To ensure that both you and your loved ones will be cared for, we’ve created a list of four key documents that should be in every estate plan.
Learn about these important documents in Back to Basics #3: Important Estate Planning Documents.
About our Oxford Harriman & Company Back to Basics Series:
Fundamentals are the basic foundation under any stable skill, process, or operation. Understanding the basics of proper planning can be the difference between financial success and failure.
Because we believe fundamentals are so important, we are putting together a new series of content called “BACK TO BASICS.” Each of these pieces will review one of the basic planning components we believe are important.
Unsure about your direction or methodology for meaningful investment planning and wealth management? Contact us and one of our experienced professionals/advisors can help provide clarity of thought.
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