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Family 'Matters' | Estate Planning: The 3 Essential Documents

Family 'Matters' | Estate Planning: The 3 Essential Documents

August 10, 2023

Estate planning is making arrangements for your assets and care in the event of your death or incapacity. It is an essential part of the planning process for everyone, regardless of age or wealth.

There are three essential documents that everyone should have as part of their estate plan:

  • A will or trust: A will is a legal document specifying how your assets will be distributed after your death. A trust is a legal entity used to hold and manage your assets.
  • A power of attorney: A power of attorney is a legal document that gives someone else the authority to make financial decisions on your behalf if you become incapacitated.
  • A living will/advance health care directive: A living will/advance health care directive is a legal document specifying your wishes for medical care if you cannot make decisions for yourself. The advanced health care directive allows you to make the tough decisions about what to do if you need to be on life support, f example. It alleviates that burden from your family's shoulders. 

Working with our Dixon Financial Group, LPL Financial Advisors can give you peace of mind when considering your financial and estate planning needs. We can help you understand your options and will work alongside your attorney and accountant to help ensure your wishes are understood.

If you want to learn more about estate planning, don't hesitate to contact our DFG advisors today. We would be happy to discuss your options and create a plan that meets your needs.

  • We have extensive experience in estate planning: Our advisors have helped many clients implement estate plans that meet their specific needs by assisting them to organize their investments under trust ownership rather than individual or joint ownership.
  • We are committed to providing personalized service: We will work with you to understand your goals and help you implement your estate plan.
  • We are available to answer your questions: We are always available to answer your questions and questions from your family, attorney and accountant.

Consider including your immediate family and a trusted friend or entity during estate planning, especially if you plan to give someone Power of Attorney or designate them as a beneficiary, trustee, etc. Bring your family together to discuss family 'matters' to ensure your estate plan is secure and your wishes are heard.

Contact the DFG team today to schedule a complimentary consultation, and you will receive the "In Case of Emergency Guidebook" and supporting information; packets are limited, so please call today. Taking these steps today can help ensure your family is prepared to handle an emergency in the future. The DFG team wants to help.

Please help others by sharing this information.

David S. Dixon, CFP®

Jacob S. Bierstedt, CFP®, ChFC