HCR Wealth Advisors has recently been making a point to educate clients about the importance of planning their estate when they are still healthy. People can die or become incapacitated at any time. Therefore, the clients that this company serves should consider deciding who their wealth is going to instead of having a judge do it for them. Unfortunately, many people put off this very crucial task until it is too late. Estate planning is necessary to ensure that money and property are given to the people that the clients want to receive them.
HCR Wealth Advisors can sit down with each of their clients and answer any questions they have about the entire process of writing a will, setting up a trust, probate, power of attorney or anything else that is involved with planning an estate. They want to be totally sure that their clients understand what their options are. Planning an estate can seem overwhelming if you have never done it before. This is why it is so important to consider seeking the help of experienced professionals who can work with you.
Setting up power of attorney for both financial and medical decisions is something that every person should consider doing. This also applies to people who are not wealthy. HCR Wealth Advisors stresses the importance of a power of attorney. It is needed because decisions will need to be made if a person goes into a coma or becomes mentally unable to make competent decisions. Power of attorney will put vital medical and financial decisions in the hands of someone that the person trusts completely. Without power of attorney documents being signed, the family of a person will have restrictions on the decisions they will be able to make.
HCR Wealth Advisors also works to show their clients ways that trusts can be set up so that the minimum amount of taxes need to be paid. A lawyer will need to set up a trust. However, a financial advisor can give you some useful tips.
HCR Wealth Advisors is not associated with this website.