Estate Planning

Wills, Trusts and Estate Planning

At Meath Wealth Advisors, our wealth enhancement group is here to help you understand how your assets will be distributed under your current estate plan and existing tax law. Our team will work with your existing financial professionals to formalize your wishes to potentially minimize the administrative burden and to maximize the value distributed to the people and causes you cherish. Estate planning should be an ongoing process to plan ahead for your dependents, minimize taxes and legal fees, and avoid probate when possible. Even something as simple as incorrect beneficiaries on IRA accounts, can drastically affect your estate plan.

Do you want your former spouse to control the assets which are meant for your children? Without a simple will or trust, assets left directly to minor children will be controlled by the guardian of those children. Additional estate planning considerations include:

  • 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.