Yes. Estate planning is not only for wealthy families. A plan can address guardianship, healthcare decisions, financial authority, property distribution, beneficiary protection, and personal wishes.
A will provides instructions for distributing property after death and may require probate. A trust can hold and manage assets during life and after death and may help avoid probate for properly transferred assets.
Review your plan after major life events such as marriage, divorce, the birth of a child, retirement, the purchase or sale of property, a significant financial change, the death of a beneficiary, or a change in tax law.
Certain estate, trust, gifting, charitable, insurance, and business strategies may reduce taxes, depending on your assets and circumstances. Tax planning should be personalized and reviewed by qualified professionals.
My Legacy Trust can help organize information, explain planning concepts, guide users through preliminary decisions, and support document preparation. Legal and tax advice should be provided by appropriately licensed professionals, particularly for complex estates or specialized planning needs.