Price inflation (2.6 percent), wage inflation (3.8 percent), and life expectancy (23 years at age 65) assumptions are based on Social Security Administration, Single-Year Tables Consistent with 2018 OASDI Trustees Report, Tables V.A5 and V.B1. The worker is assumed to retire at Social Security’s normal retirement age (67 for workers in this age cohort), with earnings at ages 66 and 67 assumed to equal earnings at age 65 in nominal terms. In doing so, GRAs can change the lives of American workers for the better. GRAs offer those Americans who don’t currently have access to a retirement plan the means to establish the firm financial footing they need to live safely and securely into old age. The GRA plan would ensure that workers are covered nationwide and that coverage is seamless regardless of where they work or live. Even when their employer does offer a retirement plan, young people living will and trust planning still may not be able to take full advantage of that retirement pla

Make a Living Will and Health Care Power of Attorney.
In most cases, you can update and revise your list of beneficiaries and bequests even after your estate documents are executed. In addition to physical assets like real estate and collectibles, be sure to include valuable digital assets like cryptocurrency accounts, NFTs, and important digital documents. But if you take it one step at a time, it will probably not be as difficult as you think. After all, no matter how young or healthy you are, there is always some risk of premature incapacitation or death.
A good place to begin is with an estate planning checklist, which can guide you through the essential steps, such as creating a will, setting up trusts, and designating power of attorney. Finally, if your estate plan includes trusts, you’ll need to designate one or more trustees to manage and distribute trust assets on behalf of the beneficiaries. A letter of intent is a non-legal document that can provide personal guidance to your executor living will and trust planning and beneficiaries. When deciding beneficiaries, consider not just the immediate financial needs of your family members but also your personal values and the legacy you wish to leave. If you have a family business, you can set goals to ensure its continuation by creating a structured transition plan and designating the right individuals to take over. Learn the essentials of estate planning, including wills, trusts, living wills, and strategies to minimize taxes while protecting your assets and loved ones.
Step 7: Find an estate planning professional
Your estate plan is more than paperwork; it’s peace of mind for you and those you love. In recognition of National Estate Planning Awareness Month, Haynsworth Sinkler Boyd’s Mac McLean shared insights in a recent blog on the essential estate planning documents everyone should consider. Creating or updating your estate plan ensures that your assets, health and legacy are managed according to your wishes. We recommend that you consult a tax or financial advisor about your individual situation.
Step 4: Designate an executor, beneficiaries, and truste


He was able to clearly answer all the questions I had and made me feel at ease that he had my best interests in mind. 5 Star Review – Erick and his team are doing a wonderful job of helping me establish a financial plan so I may confidently work toward my goals. "They truly have a vested interest in my financial goals and they take their time going over any questions I may have. "She and her team have managed my finances in ways that have given me some freedom during crushing times with my ex-husband. "We feel so blessed knowing our money is secure and that EP Wealth is proactive in notifying us of opportunities to adjust our portfolio to better serve our needs."17 Integrated support for high net-worth families with complex financial needs, including coordination of investments, planning strategies, and multi-generational considerations that may evolve over tim


While these forms are typically straightforward, it's a good idea to review them periodically and ensure they align with your overall estate plan. Major life events, such as marriage, divorce, the birth of children or grandchildren, or the passing of a loved one, can significantly affect your estate plan and should prompt a review. It's a good practice to review your estate plan every 3 to 5 years to ensure it still aligns with your current circumstances and goals. In cases of temporary incapacitation, you'll want to arrange a durable power of attorney, a document that appoints someone you trust to manage your financial affairs when you're unable to. Once you've used up your lifetime limit, you might owe taxes on any additional gifts or transfers, or your estate might owe additional taxes at the time of your deat

Save Time & Money
Virtue Wealth Management is a trusted, fee-only fiduciary financial advisor in Santa Clarita, CA. Through the highs & lows of markets and global shifts, we've always had the peace of mind knowing that EPW has our best interests in view and protects our investments with our long-term retirement plans in mind."1 The entire team consistently provides detailed explanations based on the depth of their knowledge with the financial markets."1 I could not be happier with EP and honestly recommend to anyone looking for an investing partner to at least meet w the local team."5 I have 100% confidence that my advisors at EP Wealth have my best interests at the forefront of all decisions made."3 We appreciate the experience, the honesty, and the clear communication..."7
People who have a plan and are moving towards their living will and trust planning goals feel less stress and financial worry. We feel truly fortunate to have come across his information! I’ve learned so much from him and the financial plan he prepared for our family, and it’s made a real difference in how I manage my personal finances. His responsiveness and clarity made the entire process feel smooth and stress-free. Their approach is tailored to fit my unique personal and financial goals, making the process not only manageable but also empowering. Erick and his team provided me with a personalized financial plan that has kept me on track towards achieving financial freedom.
Fee Structure: Opt for Fee-Based Compensation
That fee comes out of your account so you won’t have to come out of pocket to pay it. We charge a small annual fee to design and manage your investment account for you. This structure removes conflicts of interest and allows us to focus entirely on helping you pursue your financial and life goals with objective advice. And in no time, you’ll be telling others (and maybe even doing some bragging). We would be Yoda helping you (Luke) find your way (to your financial goals). I've been working one-on-one with individuals and families to pursue their most important financial goals since 200