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Estate Planning

Proper estate planning protects your assets now so they can be distributed to your heirs after you pass away. An effective estate plan acts as a safety net that helps preserve your assets’ value, reduces disbursement wait times, and ensures your final wishes are known.

What Is Estate Planning? 

An estate plan manages your asset base in case of your death or incapacitation. An estate plan also documents your final wishes and identifies an individual who will make decisions on your behalf. While most people think estate plans are only for the wealthy, anyone who wants their assets protected should consider trust and will planning.

Steps To Create an Estate Plan

The first step in creating an estate plan is creating a will. Other major tasks include:

  • Choosing an executor to oversee your estate
  • Naming a guardian for living children 
  • Setting up trust accounts for beneficiaries
  • Making a plan to limit estate taxes
  • Setting up funeral arrangements

It is a good idea to complete the trust and will planning process with an attorney or financial advisor to ensure documents align with state and local laws.

Work With an Estate Planning Expert

Are you looking for reliable trust and fiduciary services? Working with Community Choice Investment Services can help ensure your family understands your final wishes. Our advisors offer services including charitable giving and asset planning. Contact us today to set up an appointment with one of our wealth advisors.

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