Planning for the end of your financial plan and transitioning wealth to the next generation is not something to take lightly. Nor is it something that should be procrastinated until retirement. Proper, advanced planning well in advance of needing it is paramount to you and your beneficiaries’ long term success.
1st & Main’s experienced, local financial professionals more often than not partner with your existing tax and and legal advisors and of course with next generation beneficiaries of your estate. If you are just beginning to think about what lies ahead, we are also happy to refer you to a team of trusted professionals we’ve partnered with over the last 30 years.
It takes time to coordinate a sound estate planning strategy, and we are here to guide you before it’s too late.
As part of our planning process we will help to identify estate planning needs in terms of tax, asset transfer, asset preservation, wills, trusts, powers of attorney and more.
Identify what if any documents you have in place and which documents need updating
Equally as important as your will and trust documents are those that dictate who can and who cannot act on your behalf as your legal representative
Simply reviewing retirement plan and insurance product beneficiary designations is a start
Who will care for your minor children should something happen to you and your spouse
An updated accounting of all of your assets and liabilities
As with your financial plan your estate plan should be revisited regularly to reassess needs