The most common misconception of estate planning is that only people who have a lot of assets or wealth need it. The reality is that no matter how large or small, everyone has an estate that needs a plan for passing down to the next generation. As your financial planner, we will work closely with your attorney to develop an estate plan that includes all the components that fit your needs.

The Intersection of Financial Planning & Estate Planning

An estate planning attorney will create an estate plan for you that includes all of your assets. However, if you never update your estate plan as you acquire new property or open new accounts, it can cause problems down the line.

As your financial advisor, we have access to your entire financial portfolio and can work with your estate attorney to create an estate plan that is comprehensive.

Legacy & Trust Services

At Point 32, we are committed to providing tailored estate planning options to meet our clients' needs and circumstances so that they can be confident their financial legacy is taken care of.

We will guide you through estate and tax laws and work with your estate attorneys and CPAs to help you leave a legacy with minimal administrative burden.

Download Your Free Estate Planning Guide Now

Use this helpful guide to review your estate strategy and start conversations with your loved ones, financial professionals, and legal team.

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Estate Planning FAQs

What is estate planning?

Estate planning is the process of organizing your financial affairs and legal documents to help manage and distribute assets according to your wishes during your lifetime and after your death. An estate plan may include wills, trusts, powers of attorney, healthcare directives, and beneficiary designations.

Why is estate planning important?

Estate planning helps ensure your wishes are clearly documented and can provide guidance for loved ones during difficult times. It may also help address asset distribution, guardianship considerations, healthcare decisions, and wealth transfer objectives.

When should I start estate planning?

Estate planning is beneficial for adults at any stage of life. Major life events such as marriage, the birth of a child, business ownership, retirement, or significant changes in financial circumstances often prompt the need to create or update an estate plan.

What documents are typically included in an estate plan?

A comprehensive estate plan may include:

A will
Revocable or irrevocable trusts
Financial power of attorney
Healthcare power of attorney
Advance healthcare directives
Beneficiary designations
Guardianship provisions for minor children

What is the difference between a will and a trust?

A will outlines how you would like your assets distributed after your death and may designate guardians for minor children. A trust can hold and manage assets during your lifetime and after death according to specific instructions. Depending on the structure, trusts may provide additional flexibility, privacy, and control over asset distribution.

Have You Considered Your Legacy?