Is Your Estate Plan Up to Date? Let’s Review
Estate planning may not be the most uplifting topic in financial planning, but it is one of the most important. Ensuring that your loved ones are taken care of and that your wishes are honored requires careful planning and periodic review.
At Compass Wealth Management, we make this process simple and straightforward. Our team can help you review your estate documents and beneficiary designations, providing guidance to ensure your current estate goals will be achieved.
Our Process
Here’s how we can assist you:
Gather Documents: We help you collect all relevant estate documents and beneficiary designations.
Thorough Review: We conduct a detailed review of executors, trustees, guardians, beneficiary designations, and bequests to determine how assets would be transferred in various scenarios.
Alignment with Wishes: We meet with you to confirm that the inheritance path aligns with your current intentions.
Financial Projections: We create financial projections or hypothetical scenarios to outline the financial impact of asset transfers, ensuring income for surviving spouses or loved ones remains adequate.
Referral for Legal Drafting: If updates to your estate documents are recommended, we can refer you to an estate attorney or to Trust & Will for document drafting.
We can assist with any or all parts of this process, or simply answer any questions you may have about estate planning. If you need help uploading or scanning estate documents to your planning website, don’t hesitate to reach out.
Please Note: Our team uses our expertise as CERTIFIED FINANCIAL PLANNERS™ to provide estate planning guidance and leverage our experience in helping clients settle estates after a loved one’s passing. However, we are not attorneys and do not draft legal documents or provide legal advice regarding estate, will, or trust planning.
Robert Amato, CFP®, CIMA®
Principal
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Compass Wealth Management is a Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where Compass Wealth Management and its representatives are properly licensed or exempt from licensure. This article is solely for informational purposes and is not intended to be relied on as a forecast, research, or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by Compass Wealth Management to be reliable, are not necessarily all-inclusive, and are not guaranteed as to accuracy. Past performance is no guarantee of future results. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. Investments involve risks.