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Planning for the Future

Everyone needs to protect and preserve his or her assets in retirement. Consider spending some time working with your Financial Advisor to review your insurance and estate needs.

Review the beneficiaries for all of your investments and insurance policies
Reevaluate your will and make sure that it reflects your current situation
Examine how your estate will pass to your spouse, children or beneficiaries

Estate Planning

It is vitally important to properly structure and regularly review your estate plan to be sure it addresses your family's needs.

Create (and update) your will.
As the essential component of your estate plan, your will is a primary document for transferring your wealth upon your death. Time spent now deciding how you wish your legacy to be passed on to your heirs will avoid problems for your heirs later.
Review your estate plan.
Lifestyle changes trigger a need to review your estate plan. Changes in marital status, having or adopting children, changing jobs, and moving are good times to consider a reassessment.
Choose your executor.
Settling an estate is a complex process that often spans many months. Choosing an executor or personal representative who is knowledgeable and will be available to settle your estate is important to your peace of mind as well as the security of your loved ones.

Let your loved ones and beneficiaries know your estate plans. By explaining your intentions and reasoning, you’ll be able to alleviate misunderstandings after your passing. If you have a sizable estate to manage, you may be able save on taxes through establishing trusts and gifting.

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07/04

Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.

The information provided in this Web site is not intended to be nor should it be construed as tax or legal advice. As with any tax planning matter or strategy, please consult with your attorney and/or tax advisor.

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