1. Will and Trust

Create a will to specify how your assets should be distributed after your passing. Consider setting up a trust for more complex estate planning needs.

2. Beneficiary Designations

Review and update beneficiary designations on retirement accounts, life insurance policies, and other assets to ensure they align with your wishes.

3. Power of Attorney

Designate a trusted individual to make financial and healthcare decisions on your behalf if you become incapacitated.

4. Healthcare Directives

Prepare advance directives, such as living wills and healthcare proxies, to outline your medical preferences and appoint a healthcare agent.

5. Estate Tax Planning

Understand estate tax laws and explore strategies to minimize estate taxes through gifting, charitable donations, and other legal methods.

Consulting with an estate planning attorney can help you navigate these strategies and create a comprehensive plan to secure your future and protect your loved ones.