If I died, would I leave a smooth transition for my family?

When it comes to estate planning, people generally don’t want to deal with it, because we don’t want to be confronted with our own mortality. I get that; however, I can’t stress the importance of planning enough.

Case Study 

One client, “Ted”, was diagnosed with terminal cancer. Unfortunately, cancer is becoming all too common. As a father, husband, and even business owner, Ted had a lot of ground to cover. We pulled in our whole team to rally around Ted, because when you work with us you're not just a client, you're a friend.

From CPA to business attorney, we wanted to make sure that Ted’s planning process was not only smooth for him, but that we covered all the bases and planned for all possible outcomes. We began by referring back to the goals and objectives Ted and his wife, “Cathy”, had shared during our financial planning session. We then discussed how those goals and objectives could still be accomplished for their family and the business through Ted’s estate.

The reality is this, it’s messy, time consuming, and not to mention emotional and overwhelmingly stressful when someone dies, but careful planning can alleviate a lot of the stress for your surviving loved ones and business partners.

After Ted’s death, Cathy remarked about Ted that, “He was really looking out for me.” I believe that’s true about estate planning, in that it’s the last ‘I love you’ that you can give your family.

Read on to learn more about Estate Planning: 

• Have I provided for the legacy I desire to leave behind?
• Do I have an updated Will & Trust?

Contact St. Croix Advisors today to learn more. We are located in Hudson, Wisconsin, and serve a number of areas in Wisconsin including Hudson, Eau Claire,New Richmond, and River Falls, as well as the St. Paul/Minneapolis area in Minnesota. Our services include wealth management, retirement planning, financial planning, estate planning, asset protection, life insurance, long-term care insurance and expenses, to mention a few areas. Our President, Brett Anderson, can assist you with any questions you may have prior to scheduling your first appointment. Brett can be reached at 651-337-1919 or   .