Resource · Estate & Legacy
Why Estate Planning Matters
An overview of why every family needs an estate plan and the core documents that make it work.
Estate planning is about getting the right assets to the right people at the right time, in the right way. This overview, courtesy of Vanilla, explains why it matters and what can go wrong without a current plan.
What’s inside
What a plan protects
Your loved ones, your assets, and your wishes, including guardians for minor children and decision-making for adult children.
When plans fall short
Probate, outdated beneficiaries, and outdated fiduciaries (the people you name to carry out your plan), with two case studies.
Core documents
A revocable trust, a pour-over will, a durable power of attorney, a healthcare directive, and a letter of wishes.
Questions to discuss
Ten questions to review with your advisor.
State estate taxes
How where you live can affect estate and inheritance taxes.
Review your plan
Download the overview and use the ten questions to prepare for your next review.
This content is for informational purposes only and is not individualized advice.