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Estate planning is one of those topics
that's easy to put off.

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Many of us think it's
something to deal with later in life

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when health declines
or after a major loss.

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But here's the truth.

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You already have an estate plan.

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The question is whether it's one
you created or one

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your state has decided for you.

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A good estate plan gives you control.

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Control over who inherits your assets.

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Who takes care of your children
if they're minors

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and who makes critical decisions
on your behalf.

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If you become incapacitated.
Without a plan,

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the state steps in
to make those decisions for you.

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So where do you start?

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There are five essential documents

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you should consider as part of your estate
planning strategies.

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First, a will.

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This outlines
how your assets will be distributed

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and names an executor
to carry out your wishes.

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Many wills also include
something called a pour over provision

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which moves assets into a trust.

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This can help your estate avoid probate,
a time

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consuming and costly legal process.

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Next is a revocable living trust.

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This allows you to manage your assets

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during your lifetime and ensures
they're distributed as you choose

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after your death, potentially
benefiting your family for generations.

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Then there's a power of attorney.

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This document designates someone
to manage your assets if you're unable to.

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There are different types
durable, springing, general.

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Each with its own unique purposes,
but all are designed to ensure

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someone you trust
is making financial decisions for you.

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A health care power
attorney is equally as important.

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This allows you to name someone
to make medical decisions on your behalf.

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If you're unable to communicate
or make those decisions yourself.

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Finally, a living will.

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This document spells out
your wishes for life sustaining treatments

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if you're terminally ill.

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It doesn't authorize
anyone to make decisions for you,

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but ensures your preferences are clear.

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If you already have an estate plan, don't
forget to review it regularly.

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Life changes like moving to a new state.

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Getting married or divorced
or having a child often mean

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your plan needs updating.

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Check to ensure your named agents,
executors, and guardians are still willing

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and able to serve and that your documents
align with your current wishes.

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If you're not

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sure where to begin, don't worry,

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you don't have to do it alone.

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A team of professionals, your financial
advisor, an estate planning attorney,

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and an accountant can help
you navigate this process.

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We will ask the right questions
and help you avoid common pitfalls.

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If you don't have these connections yet,
start with our team.

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We can guide you and connect you
with the right

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resources.
Taking control of your estate.

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Plan is one of the most meaningful steps

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you can take to protect your family
and your legacy.

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The time to start is now.

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I'm Will Murphy,
and it's an honor and privilege

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to serve a select group of clients,

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helping them to build, manage,
and preserve their wealth,

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balancing emotions
and feelings with reason and logic.

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Helping them to

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improve financial decision making.

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Thanks for watching.