Choosing Your Beneficiaries

Decide who will receive your assets: children, family, charities, others No real limits exist on who you can appoint as beneficiaries Create dispositive provisions to add restrictions on gift distributions Specify when and how beneficiaries will access their inherited assets

Appointing Key Fiduciaries

Trustee manages trust assets and carries out distribution instructions Executor handles assets outside the trust but within your estate Guardian takes care of minor children when you cannot Most people choose the same person as both trustee and executor

Healthcare POA designates someone to make medical decisions for you Living will provides specific instructions for your healthcare guardian Durable financial POA manages your money when you cannot Financial POA can include restrictions on how finances are handled

Identify beneficiaries and create appropriate dispositive provisions for gift restrictions Appoint trusted fiduciaries including trustee, executor, and guardian for minors Establish both healthcare and durable financial powers of attorney Work with an attorney to create proper documentation for implementation

Estate Decisions

Curated by: Rubric Advisors

Estate Decisions

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Estate Planning Foundation

Estate planning requires answering three fundamental questions about your future
Decisions involve beneficiaries, decision-makers, and personal care arrangements
Planning ensures your wishes are carried out when you cannot
Proper setup protects assets and provides clear instructions for others

Our Approach Direct Indexing

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Estate Planning Foundation

Choosing Your Beneficiaries

Appointing Key Fiduciaries

Powers of Attorney

Key Takeaways

Related Topics

Estate Planning 101

Beneficiary Designation Mistakes

Charitable Lead Trusts

Estate Planning Foundation

Choosing Your Beneficiaries

Appointing Key Fiduciaries

Powers of Attorney

Key Takeaways

Related Topics

Estate Planning 101

Beneficiary Designation Mistakes

Charitable Lead Trusts