When it comes to planning for the future of your estate, you want to ensure your assets are protected and passed on according to your wishes. Richard P. Bertolino Jr. Insurance Agency understands the importance of this and offers estate planning insurance tailored to your unique needs, helping you secure the future you’ve worked hard to build.
Understanding the importance of securing your legacy, the team takes the time to listen to your goals and concerns. They work with you to create a customized plan that fits your unique needs, giving you peace of mind that your estate will be handled exactly how you want it.
Contact us now at 978.423.8995 to get started. We can always help you over the phone, but we encourage you to set up a personal consultation with us. This way, we can answer any questions you have, and no details will go overlooked.
Estate planning is the process of arranging for the transfer of assets and managing personal affairs in anticipation of death or incapacity, ensuring your wishes are followed and your loved ones are protected.
Here’s a more detailed breakdown:
Key Aspects of Estate Planning:
- Asset Management & Distribution:
- Wills and Trusts:
- Powers of Attorney:
- Advance Directives:
- Beneficiary Designations:
- Tax Planning:
- Guardianship:
- Incapacity Planning:
- Review and Update:
Estate planning involves determining how your assets will be managed and distributed after your death or if you become incapacitated.
These are fundamental tools used in estate planning to outline how assets should be distributed and managed, often used to avoid probate and minimize taxes.
These documents grant someone the authority to make financial or healthcare decisions on your behalf if you are unable to do so yourself.
These documents, like living wills, outline your wishes regarding medical care, ensuring your preferences are respected if you become unable to communicate them.
These specify who will inherit assets, such as life insurance policies or retirement accounts, ensuring your wishes are followed.
Estate planning can include strategies to minimize estate, inheritance, and gift taxes, maximizing the value of your estate for your beneficiaries.
If you have minor children, estate planning can include naming a guardian to care for them in the event of your death or incapacity.
Estate planning addresses what happens if you become unable to manage your affairs, ensuring someone can handle your finances and healthcare decisions.
Estate plans should be reviewed and updated periodically to reflect changes in your circumstances, assets, and the law.
