Estate Planning Consultant

An estate planning consultant is a professional who specializes in helping individuals and families plan for their
financial futures. They provide expert guidance on a range of estate planning strategies, including:

• Creating a Will: A will outlines your wishes for the distribution of your assets after your death. Dying without a will means dying intestate, which means the State has a predetermined set of rules regarding who inherits your property, usually not in the way you had intended.
• Establishing Trusts: Trusts can be used to protect your assets, provide for loved ones, and minimize estate taxes. Living Trusts, Testamentary Trusts, Special Needs Trusts, Medicaid Trusts, Revocable Trusts, Irrevocable Trusts, Grantor Retained Interest Trusts, it pays to know when one of these trusts is appropriate for your situation.
• Naming Beneficiaries: Designating beneficiaries for your retirement
  accounts, life insurance policies, and other assets.
• Planning for Incapacity: Ensuring that your affairs will be managed
  according to your wishes if you become incapacitated.
• Minimizing Taxes: Identifying strategies to reduce estate taxes and other tax burdens. Keep up with the changes to these areas that became law due to the Secure Act 2.0