Estate Planning
Most people accumulate an assortment of assets throughout their lives. Homes, autos, investment portfolios, checking and savings accounts, life insurance policies and various personal possessions are just a few of the many examples of items that can hold significant financial value.
These items comprise the financial estate of an individual. Estate planning is a vital process for ensuring the distribution of assets according to their owner's wishes at death. Without appropriate estate planning, the deceased's assets may be subject to probate, a judicial process where a court of law determines what becomes of them.
Orrstown Financial Advisors Offers Comprehensive Estate Planning
Turn to Orrstown Financial Advisors to assist with your estate planning needs. We're part of the Orrstown Bank family, one of the most trusted local financial services institutions in Pennsylvania and Maryland. You'll work with an experienced wealth management expert who always has your best interests in mind and will deliver the personalized service you deserve.
What Does Estate Planning Cover?
Estate planning involves much more than the distribution of assets at death. Examples of the additional elements of the process include:
- Financial instructions if you become incapacitated before death.
- Creation of a will or revocable living trust.
- The naming of a guardian and an inheritance manager for your minor children.
- Instructions for financially providing and caring for family members with special needs.
- Directions for providing for loved ones who are irresponsible with money and finances or require protection from creditors.
- Details regarding the transfer of your business.
- Steps to minimize taxes, court costs and legal fees related to the administering of your estate and the distribution of assets.
Estate planning isn't just for wealthy or older individuals. The process often has greater meaning to low or moderate-income families that cannot afford the risk of losing the deceased's assets in probate.
Why Choose Orrstown Financial Advisors for Financial Estate Planning?
Our team of professionals has extensive experience helping clients with varying financial circumstances meet their unique wealth management objectives. We possess specialized skill sets that are essential for effective estate planning. We also take the time to listen to our clients to ensure the process meets their specific requirements.
We recognize that your life circumstances are likely to change over time. We'll be there to modify your estate plan to meet your evolving needs, removing the burden from your shoulders.
When the time comes, we'll serve as an unbiased executor during the estate settlement process. We'll carry out your will's provisions and ensure the distribution of your assets occurs according to your wishes.
Contact Us to Learn More About Estate Planning
Don't let the courts determine what happens to your assets after you're gone. Take control of your estate now with the help of expert planning from Orrstown Financial Advisors. To get started, contact us today to schedule an initial consultation with one of our wealth management professionals.
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