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Making Sense of Estate Planning Terminology

Estate Planning 101 (Part 2)

Key Points

  • Estate Planning sounds like a daunting endeavor, but it doesn’t need to be.
  • Often what’s involved is simple steps, but wrapped in complicated jargon.
  • Use this resource as a guide to understanding estate planning terminology.

Finance is often simple concepts and easy math wrapped around complicated lingo and terminology. The same goes for Estate Planing. This post will break down some of the most commonly used terms and phrases that you might encounter as you build and create your Estate Plan.

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Wills and Trusts – How are they different?

Estate Planning 101 (Part 1)

Key Points

  • Wills and Trusts are useful Estate Planning tools, but each serves a different purpose.
  • A Will is useful for outlining your wishes, but the amount of protection it provides can be incomplete.
  • A Revocable Living Trust (as opposed to a Will) can help ensure that your Estate avoids lengthy and costly probate measures.
  • A Trust can administer assets for minor beneficiaries without court intervention, while also providing useful protection against creditors.
Continue reading → Wills and Trusts – How are they different?

Where should you turn to for advice?

Seeking Advice 101 (Part 1)

Key Points

  • The financial services industry is broad and varied, so it behooves consumers to have a grounded understanding of how the industry works and how it is compensated.
  • Commissions have the potential to create a conflict of interest between the seller and the buyer. Therefore, buyer beware!
  • When it comes to financial advice, a fee-only fiduciary can be invaluable.

Continue reading → Where should you turn to for advice?

The Three Key Benefits of Sound Investment Management Advice

Key Points

  • A financial advisor can help with crafting an investment plan that is suited to your goals, needs, and risk tolerance.
  • A Strategic Model Portfolio can then be implemented to meet your investment objectives.
  • Sound investment management that includes Portfolio Construction, Wealth Management, and Behavioral Coaching can provide tangible long-term benefit.

Continue reading → The Three Key Benefits of Sound Investment Management Advice