A basic estate planning package that includes a will, powers of attorney, advanced medical directives, etc. is important for all stages of life, but as you age and your net worth grows, estate planning becomes increasingly critical to realizing your charitable and inheritance legacy goals.  And depending on your specific situation and the growth trajectory of your wealth, more advanced estate planning may be needed.

Because of the drawbacks to the probate process, one of the major goals of estate planning is to bypass probate as much as possible.  Additionally, as your net worth grows, another major goal of estate planning is minimizing exposure to transfer tax (e.g. gift taxes assessed on transfers made during your lifetime and estate taxes assessed on post-death transfers), because every dollar of wealth surplus not paid to the IRS is one more dollar that can be used for legacy giving.

At Hicks Financial Partners, we collaborate with a team of attorneys at Estate Guru who draft custom trust and estate planning documents to help ensure your wishes are fully integrated with your financial plan. Once we understand your specific goals, we will work with you to identify the right combination of documents to properly protect your assets and provide financial well-being for your loved ones. This includes:

  • Durable Powers of Attorney.

  • Healthcare Powers of Attorney

  • Living Wills

  • Revocable Living Trusts

  • Irrevocable Trusts

  • Life Insurance Trusts

  • Charitable Trusts

  • Foundations

  • Special Needs Trusts