Protect what matters most with a personalized estate plan that reflects your values and secures your family's future.
Estate planning isn't just for the wealthy. Studies show that only about 32% of Americans have a will, leaving many families unprepared for emergencies. A well-crafted estate plan ensures your assets are distributed according to your wishes, names guardians for minor children, and provides clear instructions for healthcare decisions.
At Krish Financial Services, we guide you through the process with compassion and expertise. Whether you need a simple will or a complex trust arrangement, we work with you to draft documents that stand the test of time and reflect your unique circumstances.
Outlines how your assets should be distributed and appoints guardians for dependents.
Provide privacy and control over when beneficiaries receive assets. Options include revocable living trusts and irrevocable trusts.
Designate trusted individuals to manage your finances or make healthcare decisions if you become incapacitated.
Document your wishes for medical treatment and end-of-life care.
Ensure that online accounts and digital memories are handled according to your wishes.
Both wills and trusts can distribute assets to your loved ones, but they operate differently
| Feature | Will | Trust |
|---|---|---|
| Probate | Goes through probate, which can be public and time-consuming | Usually avoids probate, allowing faster distribution and privacy |
| Privacy | Becomes a public record once probated | Remains private during and after administration |
| Flexibility | Easy to amend; effective upon death | Can manage assets during life and after; may include conditions on distributions |
| Cost & Complexity | Lower upfront cost but may incur probate fees later | Higher setup cost but can save heirs time and expense |
Yes! Age doesn't determine whether you need estate planning. If you have any assets, dependents, or specific wishes for your healthcare, a will ensures your intentions are honored. Without one, state laws decide how your assets are distributed.
A living will is a healthcare directive that specifies your wishes for medical treatment if you're incapacitated. A living trust is a legal entity that holds your assets during your lifetime and distributes them after death, typically avoiding probate.
If you have a revocable living trust, yes – you can modify or revoke it at any time during your lifetime. Irrevocable trusts, however, generally cannot be changed once established, though some modifications may be possible through legal processes.
A power of attorney (POA) is a legal document that grants someone you trust the authority to act on your behalf. A financial POA handles money matters, while a healthcare POA makes medical decisions. These are essential if you become unable to manage your own affairs.
Creating an estate plan is one of the most loving gifts you can give your family. We'll walk you through every step – from documenting your wishes to coordinating with attorneys when necessary. All consultations are free and confidential.
Ready to ensure your family's future? Speak with Krish Reddy for a complimentary estate planning consultation tailored to your needs.