Essential Estate Planning Strategies: Protecting Your Legacy
Estate planning isn't just for the wealthy; it ensures your wishes are met and loved ones are cared for after your passing. It addresses two key questions:
- Who will care for your dependents? Your plan designates a guardian for minor children, ensuring their well-being.
- How will your assets be distributed? A will outlines how your assets are divided among beneficiaries.
Comprehensive Estate Planning Solutions: Beyond the Will
While wills are essential, a complete estate plan may include additional documents:
- Power of Attorney: Grants someone the authority to manage your finances if you're incapacitated.
- Medical Power of Attorney: Empowers a designated person to make medical decisions on your behalf.
- Living Will: Expresses your wishes regarding end-of-life care.
Menninger & Associates can guide you through the estate planning process before you meet with an attorney.
Tailored Estate Planning Strategies for Complex Situations
Estate planning becomes more intricate in cases of divorce, remarriage, or young/disabled beneficiaries. Trusts offer greater control over asset distribution even after your passing. Our expertise helps you explore these options with a qualified estate attorney.
Menninger & Associates: Your Trusted Estate Planning Partner
While we don't prepare legal documents, we're well-versed in estate planning strategies. We've even delivered public seminars and university courses on the subject.
Our role is to:
- Understand your goals and objectives
- Guide you through available solutions
- Assist you during meetings with estate attorneys (in some cases)
For a comprehensive review of your personal situation, always consult with a legal advisor. Neither Menninger & Associates, LPL Financial, nor any of its representatives may give legal advice.
