A Guide to Planning Your Estate: Protect Your Loved Ones (Part One)

Tips on how to help protect your loved ones’ financial future, as well as your own.

Understand the importance and the potential of estate planning. Estate planning is more than simply drafting a will or a trust. It involves planning how to achieve the specific goals you may have for your loved ones and the causes you support when you are no longer able to help them yourself. willHere are a few examples of goals that estate planning can help you achieve:

If you do not have an estate plan yet, now is the time to create one and document the goals you hope to achieve for yourself and your loved ones. It is never too early to develop a plan that directs how your property will be distributed after your death, or managed during your lifetime if you become incapacitated.

If you die without a will, state law will dictate who will inherit the parts of your estate that are not transferred by other means. 

It is a good idea to review your estate planning documents and beneficiary designations every few years, as well as when:

With offices in Williston and Rutland Vermont, Copper Leaf Financials’ team of experienced financial planners work with clients to assure that all of the vital components of your financial plan are in order – from estate planning to retirement planning. We can help you put all of the legal documents in place to ensure that everything goes according to your plan.