Estate Planning

Standard Estate Plan Breakdown

Last Will and Testament:
A will outlines how you want your assets to be distributed upon your death. It also names an executor to manage the distribution of your assets and can designate guardians for minor children if applicable.

Revocable Living Trust:
A trust is a legal entity that holds assets on behalf of a beneficiary. A revocable living trust allows you to transfer assets into the trust during your lifetime. A trust also helps you specify how those assets should be managed and distributed both during your lifetime and after your death. It can help avoid probate and provide privacy as trust documents typically remain private.

Durable Power of Attorney:
This document appoints someone to handle your financial affairs if you become incapacitated. It allows the appointed person (known as the agent or attorney-in-fact) to make financial decisions, pay bills, manage investments, and handle other financial matters on your behalf.

Healthcare Power of Attorney (Healthcare Proxy):
It appoints someone to make medical decisions on your behalf if you are unable to do so yourself. This document often includes your wishes regarding medical treatment and end-of-life care.

Living Will (Advance Directive):
A living will communicates your wishes regarding medical treatment if you become incapacitated and are unable to communicate. It typically addresses end-of-life care decisions such as the use of life support or other life-prolonging medical interventions.

Beneficiary Designations:
Certain assets such as retirement accounts, life insurance policies, and payable-on-death (POD) or transfer-on-death (TOD) accounts pass directly to beneficiaries named on these accounts. Ensuring these designations are up-to-date and align with your overall estate plan is crucial.

Letter of Intent:
While not a legally binding document, a letter of intent can provide guidance to your executor or trustee regarding your wishes for specific assets, funeral arrangements, or other important matters not covered in other estate planning documents.

Guardianship Designations:
If you have minor children, you may designate a guardian in your will to care for them in the event of your death.

Assure that the proper assets are titled correctly to ensure that your wishes and goals are met according to what is outlined in your trust/will.

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About Our Financial Planners

As financial planning experts in Lake Oswego, we offer a unique approach to develop a comprehensive financial plan that fits your unique situation.

Lake Oswego Office

5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035

(503) 747-6534
(503) 214-6534


Palm Spring Office

777 E. Tahquitz Canyon Way, Suite 200-105
Palm Springs, CA 92262

(760) 606-0087
(760) 606-0084


Roseville Office

3017 Douglas Blvd., Suite 300
Roseville, CA 95661

(916) 546-8598