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Estate Planning

Estate Planning Basics

Introduction to Estate Planning:

By definition, estate planning is a process designed to help you manage and preserve your assets while you are alive, and to conserve and control their distribution after your death according to your goals and objectives. But what estate planning means to you specifically depends on who you are. Your age, health, wealth, lifestyle, life stage, goals, and many other factors determine your particular estate planning needs.

Click here to learn more about common estate planning needs.


Steps to Estate Planning Success:

Steps to Estate Planning Success Pyramid

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2016. Disclosures.


Estate Planning Pyramid:

Estate Planning Pyramid

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2016. Disclosures.


Advantages of Trusts:

Trust defined – A trust is a legal entity that is created for the purpose of transferring property to a trustee for the benefit of a third person (beneficiary). The trustee manages the property for the beneficiary according to the terms specified in the trust

Click here to ready about some reasons you may want to discuss trusts with your attorney.


Conducting a Periodic Review of Your Estate Plan:

When your estate plan is successfully implemented, one final but critical step remains: carrying out a periodic review and update. Click here to learn about when a review of your estate plan should be conducted.


Estate Settlement Planning

Estate Settlement PlanningMore and more people are faced with the unique task of helping to settle an estate of a loved one.

Because this is often a once in a lifetime event, most people are ill prepared for the numerous decisions they may be required to make. This is especially true, if the estate plans were set up poorly or the estate plans are complex.  Besides organizing the action steps, many of the decisions have tax consequences that can affect the value of the estate.

D3 has an hourly service designed to help individual executors and personal trustees develop the plans and action steps necessary to settle an estate or trust. D3 Financial Counselors has a Certified Specialist in Estate Planning® and 4 Certified Financial Planners® that have estate planning education and experience to help our clients through these potentially complex and issues. See the examples below where we provide step by step instructions to help them get the job done.

Estate Plan Review & Action Steps
  • Review the client’s goals and current estate documents.
  • Provide the client with the specific action steps they need to take in order to settle the estate and accomplish their goals.
  • Analysis performed by CFP® & CSEP.

Example of Estate Settlement Planning Action Steps

Estate Plan Outline
  • Assessment of current estate documents including wills, trusts, and powers of attorney.
  • If any documents need to be prepared or amended, we will draft an estate document outline which can be taken to an attorney, potentially saving hundreds of dollars in preparation expenses.
  • Analysis performed by CFP® & CSEP.

Example of Estate Plan Outline