Wills, Trusts and Estate Planning

Have you planned for your legacy? For many of the business owners and entrepreneurs we work with, family and charitable causes are important beneficiaries of a lifetime of hard work. However, to make the most of their assets, proactive estate planning is critically important.

At Cornerstone Wealth Management Group, we work with high-net-worth business owners to formalize an estate plan that minimizes administrative burdens and maximizes the benefit towards the causes you care about.

While traditional estate planning designates the distribution of assets, today’s planning offer important benefits such as instructions for your care should you become disabled, providing for family members with special needs, and planning for loved ones who may need protection from creditors, divorce, or debt. Estate planning should be an ongoing process to plan ahead for your dependents, minimize taxes and legal fees, and avoid probate when possible.

Our team of estate planning professionals works closely with our client’s attorneys and other professionals to create an appropriate plan for distributing their wealth according to their wishes. Estate plans often include:

  • Trusts for Minor Children: Without a simple trust, assets left to minor children will be controlled by their legal guardian.
  • Medical Power of Attorney: Under HIPAA law, doctors are prohibited from discussing medical information without authorization.
  • Durable Power of Attorney: Necessary to direct the assets of an incapacitated individual without court approval.

Estate planning is crucial to prepare for unexpected events as well as to leave a lasting legacy. At Cornerstone Wealth Management Group, we find that our clients and their families feel more secure and confident once they have a proper estate plan in place. To learn more, contact a member of our Estate Planning Team today.