Planning for the future can be overwhelming, but we are here to help at Alta Estate. Our company specializes in estate planning solutions tailored to your needs so that you can relax knowing your loved ones and assets will be taken care of. Whether you are looking for a trust or power of attorney documents, our experienced professionals are here to provide you with the best possible advice and support.

At Alta Estate, we understand that no two people have the same financial situations and goals. Therefore, we work closely with each individual to create a personalized plan that meets their unique requirements now and into the future. With our exceptional customer service, comprehensive knowledge base, and flexible approach – Alta Estate is committed to helping make sure you have peace of mind when it comes time to plan for the end.

Creating a Trust.

When planning for the future, nothing is more critical than creating a trust. A legally valid trust can provide peace of mind for you and your loved ones, ensuring your wishes are respected when you pass away. Regardless of your age or financial situation, it is essential to take the time to create a comprehensive trust that outlines precisely how you want your assets distributed after death. Not only will this provide clarity and direction in an often-difficult moment, but it also serves as a legal document safeguarding against potential disputes among heirs or beneficiaries.

Writing a trust isn't just about money - although it is undoubtedly essential – it's also about assigning guardianship, specifically of minor children or pets to people who share your values and vision for their care.

Funerals: Preplanning and Insurance

Funerals are a necessary but often costly event. Knowing how to plan for the end of life is vital to ensure financial security and ease the stress on the family during their grief. Preplanning funerals and acquiring funeral insurance can help make these arrangements simpler for everyone involved.

Preplanning funerals offers an opportunity to make decisions about services, memorials, and wishes before it's too late. Preplanning allows individuals to control their funeral arrangements, including the type of service they desire, music selection, floral selections, and many other details that can be agreed upon ahead of time with a funeral director. Funeral preplanning also helps reduce stress on loved ones during such a difficult time as they do not have to guess what you, or the decendent would have wanted or make all the necessary arrangements while grieving.

Payable on Death Accounts

A payable-on-death (POD) account is an excellent option for those planning for the future. A POD account is an account that allows a person's estate to be passed directly to their beneficiary upon their passing. This type of account ensures that the designated beneficiary will not have to go through the lengthy probate process to receive funds from the deceased individual's estate. It's essential for people setting up such an account to understand the details and restrictions associated with them.

A POD account works much like any other savings or checking account, except that upon the owner's passing, it is paid directly to the designated beneficiary without going through probate court. The owner holds complete control over these assets until they pass away, meaning they can make deposits and withdrawals as usual while living.

Proper Planning with Alta Estate: Experts in the Field

When it comes to estate planning, there is no one better than Mark Fishbein and Alta Estate. With over 40 years of experience in the field and a deep understanding of the legal and financial nuances associated with trusts, Mark Fishbein, with Alta Estate, has been helping clients prepare for the future. From setting up guardianships for minor children to establishing living trusts for asset protection, Mark Fishbein will ensure that your wishes are properly documented.

For many families, proper estate planning can be a daunting task due to the complexity of the process. Mark Fishbein understands this challenge, which is why they provide education and resources tailored to meet individual needs. In addition, the team of experts at Alta Estate will help you understand all aspects of estate planning, such as taxes, debt management, and asset distribution, so that you can make informed decisions about how best to protect your assets now and in the future.

The text above is for general informational purposes and should not be considered legal advice. For more information, click Contact Us. Follow Mark Fishbein on LinkedIn or Facebook.