ESTATE PLANNING & WEALTH TRANSFER

When most people hear "estate planning" they think that only the uber wealthy need it.  Everyone needs it!  Estate planning is the preparation to manage your personal and financial affairs in the event of incapacitation or death.  If you've ever named someone a beneficiary, that is one of the many tasks involved with estate planning.

Some of the more common tasks are:

  • Creating a will

  • Creating "revocable" trust to facilitate the transfer of assets and to avoid probate

  • Establishing a guardian for your living dependents

  • Naming an executor(s) and/or trustee to oversee the terms of your will and/or trust(s). 

  • Creating/updating beneficiaries on plans such as life insurance, IRAs and other retirement accounts

  • Creating a durable power of attorney

  • Establishing a Power of Attorney for Healthcare/Healthcare Directives

Estate planning is critical for any person over the age of 18.  It is an ongoing process that should be periodically reviewed, especially with major events such as children, grandchildren, marriage, divorce, inheritance or death.

Click Here for an overview of the key concepts.

Estate planning documents your College Age Child Needs.

Herr Capital Management, LLC   27 West Plainfield Road, Countryside, Illinois 60525  

Where Prosperity Begins©  Phone: 312-697-1600  Fax: 312-697-1601

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Securities offered through American Portfolios Financial Services, Inc. Member FINRA/SIPC.  Investment advisory services offered through Herr Capital Management, LLC, a registered investment advisor independent of American Portfolios Financial Services, Inc.