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Estate Planning: A New Year's Resolution Worth Keeping

By: PRLog

PHOENIX - Jan. 29, 2024 - PRLog -- While it may not be the most pleasant topic to consider, estate planning is a critical element of securing your legacy and providing peace of mind for yourself and your loved ones. If you're not already, consider taking care of this financial planning piece this year.

Estate planning is much more than creating a will; these legal and financial arrangements protect your assets and fulfill your wishes in the event of your passing. Here are a few reasons to prioritize estate planning this year:

  1. First, estate planning allows you to dictate asset distribution. Without a valid will or trust in place, the distribution of your estate will be subject to the laws of your state, which may not align with your wishes. A comprehensive estate plan ensures your assets are distributed according to your wishes, providing for your loved ones and charitable causes that are important to you.
  2. Estate planning is not just about what happens after you're gone; it also addresses crucial matters such as incapacity. Tools like durable powers of attorney and advanced medical directives designate trusted individuals to make financial and healthcare decisions on your behalf should you become unable to do so. This can spare your loved ones from the complex and often contentious process of seeking legal guardianship in the event of your incapacity.
  3. For business owners, succession planning establishes a clear plan for transferring ownership and managing your business. You can safeguard its operations and provide for a smooth transition of leadership in the event of your incapacity or passing.
Simply put, a comprehensive estate plan helps secure your legacy, protect your loved ones, and provide for a seamless transition of affairs in the event of incapacity or passing.

Read the full article for even more reasons to prioritize estate planning this year. You can also read other Trajan Wealth articles for financial insights from their team of experts.

About Trajan Wealth
Trajan Wealth, LLC, was founded in 2012 by CEO Jeff Junior. Before his 20+ years in the financial services profession, Jeff was a United States Marine Corps member. Jeff continues to serve his clients and employees with the utmost service, respect, and attention to detail. The firm has multiple locations in Arizona, Texas, and Utah.

By using low-cost, diversified portfolios under its fiduciary standard—and working closely with its investment advisors and estate attorneys who work within one office—the company provides long-term support for its client's retirement needs and their estate plans. This includes strategies for wealth accumulation and tax planning.

For more information, visit https://trajanwealth.com or call 1-800-838-3079.

Disclaimer: *Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through ​Trajan® Estate, L.L.C. ​in Arizona and Utah, and independent law firms in other states.

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Trajan Wealth
***@trajanwealth.com

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Estate Planning


Source: Trajan Wealth

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