3 Primary Benefits of Trusts

The Top 10 Retirement Challenges: #9. Estate Planning

While estate planning is less important for federal estate tax reasons, with the increase in the exemption amounts to over $5 million per person, the non-financial aspects of estate planning are still critical.

Making sure clients have a power of attorney updated and in place, and addressing the need for health care documents like a health care power of attorney and advance directive can be very important.

Trustee designations and naming the proper beneficiaries are often missed or not changed when life circumstances change.