After years of practicing estate and financial planning, Tetrant believes that a well drafted estate plan is the foundation upon which all other planning is built. It helps identify three key things essential to any plan:
WHAT DO YOU HAVE? We help you identify what “stuff” you have (bank accounts, investments, insurance, real estate, etc.) - by following our process you will identify all of the assets you have that need to be transferred through your plan.
WHERE DO YOU WANT IT TO GO? This step could be as simple as identifying a spouse or children who you would like to receive your assets, to as complex as what charities and philanthropic organizations should benefit from your estate.
HOW AND WHEN DO THE TRANSFERS TAKE PLACE? Now that you know what you have and where it is going, the last step is to figure out which estate planning vehicles will get you there. This could include any of the following types of documents:
Revocable Living Trust. This package of documents generally includes: trust documents, certificate of trust, last will and testament (pour-over will), durable power of attorney, healthcare power of attorney, living will, HIPAA authorization, trust funding instructions, successor trustee instructions, glossary of terms, records location worksheet, statement of wishes, and memorial instructions
Last Will and Testament. This package of documents generally includes: last will and testament, durable power of attorney, healthcare power of attorney, living will, HIPAA authorization, glossary of terms, records location worksheet, statement of wishes, and memorial instructions
Other types of trusts/provisions. Sometimes different tools are needed to accomplish your goals - some of these additional tools may include: IRA Beneficiary Trusts, Special Needs Trusts, Dynasty Trust Provisions, Irrevocable trusts, Charitable Remainder Trusts, Charitable Lead Trusts, and more...