Estate Plan Coordination

If you wish to leave behind a meaningful legacy, be it for loved ones or a charitable institution, you need to put a well-thought-out estate plan in place. Without an established plan, the fate of your estate could be determined by the government, lawyers, or people that may not have your interests and best wishes in mind.

Having an estate plan is paramount in ensuring your estate is handled according to your wishes. Together with your estate planning attorney, we will help you think through what you want your estate plan to accomplish and assist in reviewing your situation so your estate benefits the people and charities you care about most.

What We Can Do For You

• Will Education:
  We help you identify your estate planning goals and discuss how your wishes can be reflected in your estate plan. Working alongside your attorney, we help ensure your financial strategy aligns with the legal documents your attorney prepares, whether your needs call for a simple will, testamentary trust provisions, or other estate planning arrangements.
• Powers of Attorney (POA) Education: We help you understand the role financial and healthcare powers of attorney play in a comprehensive estate plan. Whether it’s to manage specific assets, such as investments, accounts, and real estate holdings, or to help others make health care decisions if you are ill or incapacitated, you need a POA in place to ensure your wishes are followed. Your attorney can advise you on the appropriate documents and prepare them to reflect your wishes.
• Choosing executors: The executors of your estate wield strong powers that determine how your estate is handled upon your passing. We’ll help you understand the importance of choosing an executor(s) for your estate, and what criteria you should consider when appointing someone to discharge this all-important role – especially if minor children/guardians are involved.
• Reviewing beneficiary designation: Beneficiary designations can have a significant impact on how certain assets are transferred. We help you review your beneficiary designations as part of your overall financial plan and coordinate with your attorney to help ensure they complement your broader estate planning objectives.
• Understanding estate taxes and probate fees: Taxes, fees, and other levies have the potential to erode a large part of your estate before your beneficiaries see a cent. We work collaboratively with your attorney and tax professional to help ensure your financial strategy is coordinated with your overall estate plan. Careful planning can reduce the impact taxes and fees may have.
• Legacy preservation:
  We help you develop a financial strategy designed to support your long-term goals and facilitate an orderly transition of assets according to your wishes. Your attorney prepares the legal documents necessary to implement your estate plan.
• Coordinating Your Estate Plan
  An effective estate plan brings together your financial strategy, beneficiary designations, and legal documents. We serve as a resource alongside your attorney and other trusted professionals to help keep these elements aligned as your circumstances and goals evolve.

Contact us today to learn more

First Coast Retirement Solutions and its agents do not provide tax, legal or social security advice. Clients are advised to consult their tax advisor or attorney regarding tax and legal advice and to contact the Social Security Administration at their local office or online at www.ssa.gov.