Estate Planning: The Perfect Gift

Are you looking for the perfect gift for your adult children or other family members?  You may want to consider giving the gift of estate planning.

Your Own Estate Planning

Estate planning allows you to create a lasting legacy by creating a personalized plan to provide for family, friends, pets or charities. An estate plan also includes planning for incapacity and end-of-life situations. Your family will have peace of mind knowing that you have set these plans in place.

A typical estate plan can include:

• Living Trust
• Will
• Financial Power of Attorney
• Healthcare Power of Attorney
• Advance Medical Directive (or a “Living Will”)
• Authorization for Release of Protected Health Information (HIPAA Authorization)
• Affidavit of Disposition of Remains

 Maybe you have been putting off your estate planning or perhaps your
 children have even asked that you get a plan in place. You can give your
 family the gift of clarity and peace of mind by getting your own estate
 planning done this year.

The Benefits of Having an Estate Plan

A thoughtful estate plan does more than decide who receives what — it protects the people you love and the legacy you’ve built. With a clear plan in place, you can:

• Avoid probate, saving your family time, expense, and stress.

• Minimize taxes, preserving more of your assets for your loved ones and charitable causes.

• Protect your privacy, since trusts can keep financial and family matters out of public record.

• Name guardians for minor children, ensuring they’re cared for by the people you trust most.

• Provide clarity in times of uncertainty, so your healthcare and financial wishes are honored.

• Reduce family conflict, offering clear direction and peace of mind for everyone involved.

Estate Planning for Your Loved Ones

After you have your own planning in place, you may realize that your other family members do not. You may be concerned about your aging parents’ lack of planning, or you may worry about your son or daughter who now has young children of their own. Even if your loved ones understand why estate planning is important, it may be financially out of reach for them. Giving a loved one the gift of estate planning will not only provide them with peace of mind and a sense of security.  

Estate planning provides peace of mind, clarity for family members and saves time and money in the future.

Give the gift that will last a lifetime. Contact Ball Morse Lowe this holiday season to learn more about gifting an estate planning package to your family members this year, at 405-701-5355.