The Fundamentals of Estate Planning

A comprehensive estate plan empowers you to:

Ensure

Ensure that your wishes and family needs are met.

Dispose

Dispose of assets according to your desires.

Protect

Protect family wealth and privacy.

Plan

Plan for your own needs.

Minimize

Minimize taxes and expenses.

If you do not have a will when you pass away, State Laws (Statute) and/or the court system will decide who your heirs are and how much they receive.

Of US Adults Do Not Have A Will

60%

Of US Adults Have Not Named A Healthcare POA Or Proxy

50%

Get to know these important estate-planning tools.

Plan Your Estate

Wills and Trusts

Specifies who should receive which of your assets, and how, after your death. A will allows you to name guardians for any dependent children. Trusts function as their own entity and govern distribution of funds to beneficiaries, allowing for more control of an estate.

Plan Your Estate

Power of Attorney (POA)

Designates a party to make financial decisions on your behalf if you cannot.

Plan Your Estate

Advance Directive

Expresses your wishes for any medical intervention if you become terminally ill and are unable to communicate.

Plan Your Estate

Healthcare POA or Proxy

Names a person to make your healthcare decisions if you are unable to do so.

Plan Your Estate

Listing of Financial Records

Catalogues your financial information and its location to assist fiduciaries upon your death.

Plan Your Estate

Informal Letter of Instruction or Intent

Gives your family and executor guidance to help lead them through the estate settlement process.

A trusted advisor can simplify estate planning by coordinating the work of specialists in:

Wills and trusts
Charitable giving
Investment management
Retirement planning
Tax strategies
Business succession planning
Insurance and risk management
Borrowing and liquidity

For more information about planning your estate, talk with your Key Private Bank Advisor or visit key.com/estate.

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