Protecting one’s legacy goes beyond the transfer of wealth. In essence, effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate plan can spell out your healthcare wishes and ensure that they're carried out - even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.

We work with our client families to ensure that their values, both personal and financial, are preserved from one generation to the next. At Hansom Wealth Management, its not just about drafting and updating trust documents. We work with clients to ensure on-going education regarding the changing tax and legal landscape that could impact their plan before they meet with their estate plan attorney.

Elements of an estate plan

• A will lets you specify your wishes, including how you want your property distributed, who will administer your estate and who will care for your minor children.
  
• A trust* holds your assets for the benefit of one or more people (you, your spouse, your children). You'll need an attorney's assistance to create a trust.
  
• Life insurance proceeds are paid to a beneficiary at your death.
  
• Gifts are transfers of property made during your life to family, friends or charity.
  
• Tax exclusions are available as important estate planning tools. Consult your tax professional for details.
  
• Revisit your estate plan regularly

Just like your financial plan, it's important to review your will and other estate planning documents regularly, or when significant life events occur. At Hansom Wealth Management we can help you create a financial plan and offer estate plan advice designed to help you reflect the things that are important to you.

* LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.

Hansom Wealth Management  and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation.