Next-Level Guidance for Next-Level Wealth

If your needs are complex, you require exceptional investment guidance and resources.

Our Firm has the knowledge and experience helping select investors like you solve for complex wealth management, philanthropic and legacy needs.

What Is the State of Your Estate?

Formally documenting your wishes for your estate may seem daunting, as it involves grappling with your mortality. But it is crucial part of a comprehensive wealth plan, one that goes beyond finances and cash flow.

Formal estate plans can help:
  • Lead to timely, efficient estate settlement and distributions to beneficiaries
  • Reduce potential family dynamics issues
  • Prevent unwanted tax liability
  • Provide comfort and continuity that your wishes will be followed as you age and after you’re gone
  • Align your wealth transfer with your charitable vision.

It’s important to remember that your estate plan isn’t set in stone. You should revisit it at least annually to account for changes to your goals or life. We can refer you to  Wells Fargo affiliates  or work with your existing estate plan provider to provide crucial guidance for this pillar of effective wealth management.

Essential Estate Planning Documents

Infographic showing the 5 most important estate planning documents

The number of documents in your estate plan will depend entirely on your circumstances, but these five can be considered must-haves for most people.

Will – This legal document expresses your wishes for distributing your property after you die. Establishing a will is important, especially if you have minor children or significant assets.

Durable Power of Attorney - This gives someone else authority to make financial decisions on your behalf if you become unable. This is highly recommended as it ensures your finances will be handled properly if you cannot do so yourself.

Healthcare Power of Attorney - If you can’t communicate your wishes regarding your care, this document ensures they will be honored in the event of your incapacitation.

Living Will - This outlines your wishes for end-of-life care, including life support or other medical treatments.

Revocable Living Trust - With this document, you can avoid probate court and distribute your property according to your wishes after you die. This can save time and money while adding an additional layer of privacy.

Trust services available through banking and trust affiliates in addition to nonaffiliated companies of Wells Fargo and its affiliates.
Wells Fargo and Company and its Affiliates do not provide tax or legal advice. Be sure to consult with  your tax and legal advisors before taking any action that could have tax consequences. Any estate plan  should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.

Wealth & Investment Management offers financial products and services through bank and brokerage affiliates of Wells Fargo &  Company. Bank products and services are available through Wells Fargo Bank, N.A., Member FDIC.