Estate Planning
When it comes to leaving behind a legacy—whether for your loved ones or a charitable cause—it’s essential to have a thoughtful, strategic estate plan in place. Without one, the distribution of your estate may fall into the hands of the government or individuals whose priorities may not align with your intentions.
Having a well-structured estate plan aims to ensure that your wishes are honored and that your wealth is preserved and passed on according to your desires. Our team works closely with you and your estate planning attorney to design a plan that seeks to reflect your values, protects your legacy, and ensures that your assets benefit the people and organizations that matter most to you.
How We Support You
- Comprehensive will education: We guide you through the complexities of structuring your will to ensure it accurately reflects your wishes. Whether it's a simple will, a testamentary will, joint wills, or a living will, we help you navigate each option with confidence, so the final document aligns with your vision.
- Power of Attorney (POA) creation: We assist in putting in place Powers of Attorney for asset management and health care decisions, ensuring your wishes are carried out should you be unable to act on your behalf. With a properly crafted POA, you can be confident that decisions regarding your estate and final arrangements will be made according to your preferences.
- Selecting trusted executors: Choosing the right executor is one of the most important decisions in your estate planning process. We help you understand the responsibilities and implications of this role, providing guidance on selecting individuals who can carry out your wishes effectively, especially if there are minor children or guardianship considerations.
- Strategic beneficiary designations: The people or institutions you designate as beneficiaries will determine who receives your estate. We work towards ensuring that your beneficiary designations are carefully considered to avoid unintended consequences, ensuring your wealth is directed to those you intend to benefit.
- Minimizing estate taxes and probate costs: Estate taxes, probate fees, and other associated costs can significantly reduce the value of your estate. Our team works with you to create strategies that aim to minimize these expenses, maximizing the amount passed on to your beneficiaries and charitable causes.
- Protecting your estate: We strive to help ensure that your assets, from long-term investments to real estate holdings, are protected even after your passing. With a detailed estate plan, you can be confident that your assets are managed and distributed in the most efficient and secure manner.
- Legacy distribution and alignment: We work with you seeking to ensure that your estate plan and will are synchronized, so your legacy is distributed exactly as you envision. Whether supporting your family, charitable foundations, or other causes, we ensure your legacy is honored in the way you intend.
Schedule a meeting with us to see what an estate plan can do for you.
Bishop Financial Advisors and LPL Financial do not provide tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.