Five Components of a Winning Estate Plan

Following two weeks of watching the Olympics, we can’t help but compare the intense training, planning and practice we observed to the rigor of creating a winning estate plan.

Many people believe that if they have a ⁠will⁠, their estate planning is complete, but there is much more to it. A good plan should be designed to avoid probate, save on estate taxes, ⁠protect assets⁠ if you someday need long-term care, and appoint someone to act for you if you ever become disabled. So how can you accomplish this Olympian task?

Listen as attorneys Lou Pierro and Patty Whelan break down five components of a great plan:

(1) ⁠Trust⁠

(2) ⁠Will⁠

(3) ⁠Advance Directives⁠

(4) Coordination of asset ownership and beneficiary designations

(5) ⁠Tax⁠ and ⁠asset protection⁠

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