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Estate Planning

Managing your estate can be a complex process, so we always recommend getting professional estate planning advice.  To get you started, here are the 4 documents we highly recommend:

Last Will & Testament

Allows you to choose:

  • Your executor.
  • Your beneficiaries (and what each one will inherit).
  • The Guardian for your minor children.

*Warning:  A Will goes through probate.  That can take years and be very expensive.  A Living Trust is generally best to assure transferring assets to beneficiaries.

Living Trust

A living trust is a legal document created during your lifetime that allows for the transfer of assets in the trust to your beneficiaries without need for expensive probate court proceedings.

Power of Attorney - Finance

A legal document designating someone with the power to act on your behalf to:

  • Handle financial matters
  • Pay bills 
  • Sign legal documents
  • File taxes

Advanced Health Care Directive

A legal document drawn by you to designate someone as Power of Attorney to act on your behalf if you are unable to make decisions regarding your health care.

In some states it also adds in your instructions for end-of-life care.

Latham Wealth Management and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation.

Estate Management 101

A will may be only one of the documents you need—and one factor to consider—when it comes to managing your estate
Learn More

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