Estate Planning Documents
Secure Your Legacy with Confidence
At Wealthwise Solutions, we help you protect what matters most with our all-in-one Estate Planning service. Designed for every stage of life—from young families to those nearing retirement—our platform makes it simple to create a personalized, comprehensive estate plan that gives you peace of mind.
A Complete, Personalized Solution
With our guided platform, you can:
- Create a personalized will and trust tailored to your family’s needs
- Ensure all documents meet your state’s legal requirements
- Securely store your documents in a digital vault for easy access and updates
- Adjust beneficiaries, add assets, or update guardians anytime, hassle-free
The result is a rock-solid estate plan that honors your wishes and safeguards your loved ones, now and in the future.
Why Our Approach Stands Out
- Hassle-Free & Cost-Effective: No need to hire a lawyer for every update—save time and reduce costs without sacrificing quality.
- Valid Nationwide: Your estate plan is valid in all 50 states, so it grows and adapts with you.
- Attorney-Approved: Built on a modern, legal sound system to ensure security and compliance.
- Lifelong Protection: Updates are easy as your family, assets, and circumstances change.
FAQs
What is the difference between a will and a trust?
A will is a legal document that outlines how your assets should be distributed after your death. It becomes effective only upon your death and after it goes through probate. A trust, on the other hand, is an arrangement where a trustee holds and manages assets on behalf of beneficiaries. Trusts can be effective during your lifetime or after your death. They can also help avoid probate, provide more privacy, and offer greater control over when and how your assets are distributed.
Why do you need beneficiary designations for life insurance policies & annuities?
Beneficiary designations for life insurance policies and annuities ensure these assets are transferred directly to the named individuals upon your death, bypassing the probate process. These transfers can be quicker and more efficient, ensuring that your beneficiaries receive the benefits without unnecessary delay. It’s important to keep these designations updated to reflect your current wishes.
Can I change my mind after setting up an Irrevocable Life Insurance Trust (ILIT)?
Generally, once an Irrevocable Life Insurance Trust (ILIT) is established and funded, it cannot be altered, amended, or revoked. This is because the trust is designed to remove the life insurance policy from your taxable estate. Before setting up an ILIT, it’s crucial to carefully consider your long-term intentions and discuss them with an estate planning attorney.
How does a Power of Attorney fit into my estate plan?
A Power of Attorney is a legal document that grants someone else the authority to make decisions on your behalf, usually if you’re unable to do so yourself. In terms of estate planning, it’s essential because it ensures that someone can manage your affairs, including your financial assets and potentially your life insurance policies or annuities, if you become incapacitated.
Are assets in a trust protected from creditors?
The level of creditor protection offered by a trust depends on the type of trust. Assets in revocable trusts are generally not protected from creditors because you maintain control over the assets. In contrast, assets in certain types of irrevocable trusts may be protected, as you have relinquished control over the assets. However, this can vary based on state laws and specific trust provisions, so it’s important to consult with an estate planning attorney for advice tailored to your situation.
Take Control of Your Family’s Future
Our goal is to make estate planning simple, secure, and adaptable. With WealthWise Solutions, you can ensure your legacy is protected while enjoying peace of mind for years to come.
Ready to secure your legacy?
Schedule your personal estate planning consultation today and start protecting what matters most.